Buyers concentrated on the Computer and Know-how space have probably read of Ultra Clean up Holdings (UCTT), but is the inventory undertaking nicely in comparison to the rest of its sector friends? A single very simple way to reply this concern is to take a look at the 12 months-to-day effectiveness of UCTT and the relaxation of the Computer and Technological innovation group’s shares.
Ultra Clear Holdings is a member of our Computer system and Technology team, which consists of 615 various firms and currently sits at #6 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 diverse groups, measuring the common Zacks Rank of the unique shares within just the sector to gauge the strength of just about every group.
The Zacks Rank emphasizes earnings estimates and estimate revisions to obtain shares with improving earnings outlooks. This program has a extensive report of achievements, and these stocks are inclined to be on observe to conquer the market over the following one to a few months. UCTT is at present sporting a Zacks Rank of #1 (Strong Buy).
Above the past 3 months, the Zacks Consensus Estimate for UCTT’s entire-calendar year earnings has moved 13.24% greater. This signifies that analyst sentiment is more powerful and the stock’s earnings outlook is bettering.
Primarily based on the most current accessible knowledge, UCTT has obtained about 39.75% so much this calendar year. At the identical time, Laptop and Technological innovation stocks have gained an typical of 39.24%. This reveals that Extremely Clean up Holdings is outperforming its friends so considerably this 12 months.
Breaking things down a lot more, UCTT is a member of the Electronics – Producing Equipment marketplace, which consists of 11 particular person businesses and presently sits at #41 in the Zacks Marketplace Rank. This team has acquired an common of 58.22% so much this year, so UCTT is slightly underperforming its market in this location.
UCTT will probably be hunting to continue on its solid general performance, so buyers fascinated in Laptop and Technological know-how shares really should go on to pay near notice to the enterprise.