The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Airgain (AIRG) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.
Airgain is a member of the Computer and Technology sector. This group includes 614 individual stocks and currently holds a Zacks Sector Rank of #2. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Airgain is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for AIRG's full-year earnings has moved 14% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that AIRG has returned about 27.3% since the start of the calendar year. Meanwhile, stocks in the Computer and Technology group have gained about 19.5% on average. This means that Airgain is performing better than its sector in terms of year-to-date returns.
Another Computer and Technology stock, which has outperformed the sector so far this year, is Amtech Systems (ASYS). The stock has returned 27.5% year-to-date.
For Amtech Systems, the consensus EPS estimate for the current year has increased 37.5% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Airgain belongs to the Communication - Components industry, a group that includes 13 individual companies and currently sits at #50 in the Zacks Industry Rank. This group has gained an average of 94.2% so far this year, so AIRG is slightly underperforming its industry in this area.
Amtech Systems, however, belongs to the Semiconductor - General industry. Currently, this 6-stock industry is ranked #35. The industry has moved +28.4% so far this year.
Investors with an interest in Computer and Technology stocks should continue to track Airgain and Amtech Systems. These stocks will be looking to continue their solid performance.
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