Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Has ASML Holding N.V. (ASML – Free Report) been one of those stocks this year? Let’s take a closer look at the stock’s year-to-date performance to find out.
ASML Holding N.V. is a member of the Computer and Technology sector. This group includes 632 individual stocks and currently holds a Zacks Sector Rank of #8. 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. ASML is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for ASML’s full-year earnings has moved 12.11% higher. This shows that analyst sentiment has improved and the company’s earnings outlook is stronger.
Based on the most recent data, ASML has returned 9.52% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 4.73% on average. This means that ASML Holding N.V. is performing better than its sector in terms of year-to-date returns.
Breaking things down more, ASML is a member of the Semiconductor Equipment – Wafer Fabrication industry, which includes 4 individual companies and currently sits at #17 in the Zacks Industry Rank. Stocks in this group have gained about 13.02% so far this year, so ASML is slightly underperforming its industry this group in terms of year-to-date returns.
Investors in the Computer and Technology sector will want to keep a close eye on ASML as it attempts to continue its solid performance.