Has Axcelis Technologies (ACLS) Outpaced Other Computer and Technology Stocks This Year?
The Computer and Technological innovation team has a good deal of terrific shares, but traders must normally be on the lookout for providers that are outperforming their peers. Axcelis Systems (ACLS) is a inventory that can absolutely grab the interest of quite a few investors, but do its new returns look at favorably to the sector as a complete? Let’s acquire a closer search at the stock’s yr-to-day functionality to discover out.
Axcelis Technologies is a member of our Computer and Know-how group, which incorporates 665 diverse businesses and currently sits at #9 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 diverse sector groups. The normal Zacks Rank of the particular person stocks inside of the groups is calculated, and the sectors are outlined from finest to worst.
The Zacks Rank is a proven program that emphasizes earnings estimates and estimate revisions, highlighting a wide variety of shares that are exhibiting the right properties to defeat the current market above the future just one to a few months. Axcelis Technologies is at the moment sporting a Zacks Rank of #2 (Purchase).
Within the previous quarter, the Zacks Consensus Estimate for ACLS’ complete-calendar year earnings has moved 12.5{18fa003f91e59da06650ea58ab756635467abbb80a253ef708fe12b10efb8add} larger. This displays that analyst sentiment has improved and the firm’s earnings outlook is more powerful.
Based on the most recent offered info, ACLS has received about 1.1{18fa003f91e59da06650ea58ab756635467abbb80a253ef708fe12b10efb8add} so considerably this year. In comparison, Laptop or computer and Technological know-how providers have returned an normal of -14.2{18fa003f91e59da06650ea58ab756635467abbb80a253ef708fe12b10efb8add}. This suggests that Axcelis Technologies is outperforming the sector as a whole this calendar year.
A further Computer system and Know-how inventory, which has outperformed the sector so much this 12 months, is Benefitfocus (BNFT). The stock has returned 1{18fa003f91e59da06650ea58ab756635467abbb80a253ef708fe12b10efb8add} 12 months-to-date.
The consensus estimate for Benefitfocus’ latest yr EPS has improved 55.7{18fa003f91e59da06650ea58ab756635467abbb80a253ef708fe12b10efb8add} over the earlier 3 months. The stock at this time has a Zacks Rank #2 (Purchase).
On the lookout extra specially, Axcelis Systems belongs to the Electronics – Manufacturing Machinery sector, a group that involves 9 specific stocks and currently sits at #110 in the Zacks Business Rank. Stocks in this team have missing about 6.5{18fa003f91e59da06650ea58ab756635467abbb80a253ef708fe12b10efb8add} so significantly this year, so ACLS is carrying out greater this team in conditions of year-to-day returns.
Benefitfocus, having said that, belongs to the Web – Software package business. At this time, this 149-stock industry is rated #191. The industry has moved -32.6{18fa003f91e59da06650ea58ab756635467abbb80a253ef708fe12b10efb8add} so much this 12 months.
Traders interested in the Pc and Technology sector may want to hold a close eye on Axcelis Systems and Benefitfocus as they try to continue on their stable functionality.
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