Investors focused on the Computer and Technology space have likely heard of FormFactor (FORM), but is the stock performing well in comparison to the rest of its sector peers? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.
FormFactor is one of 632 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #9 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. FORM is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for FORM's full-year earnings has moved 4.78% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, FORM has gained about 7.97% so far this year. In comparison, Computer and Technology companies have returned an average of 1.06%. As we can see, FormFactor is performing better than its sector in the calendar year.
Breaking things down more, FORM is a member of the Electronics - Semiconductors industry, which includes 38 individual companies and currently sits at #93 in the Zacks Industry Rank. Stocks in this group have gained about 4.67% so far this year, so FORM is performing better this group in terms of year-to-date returns.
Investors in the Computer and Technology sector will want to keep a close eye on FORM as it attempts to continue its solid performance.
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FormFactor, Inc. (FORM) : Free Stock Analysis Report
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