Is Fabrinet (FN) Outperforming Other Computer and Technology Stocks This Year?

The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Fabrinet (FN) one of those stocks right now? 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.Fabrinet is a member of the Computer and Technology sector. This group includes 603 individual stocks and currently holds a Zacks Sector Rank of #5. 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 is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Fabrinet is currently sporting a Zacks Rank of #2 (Buy).Over the past three months, the Zacks Consensus Estimate for FN's full-year earnings has moved 2.9% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.Based on the most recent data, FN has returned 1.7% so far this year. In comparison, Computer and Technology companies have returned an average of -10.5%. As we can see, Fabrinet is performing better than its sector in the calendar year.Another stock in the Computer and Technology sector, Compass, Inc. (COMP), has outperformed the sector so far this year. The stock's year-to-date return is 49.2%.Over the past three months, Compass, Inc.'s consensus EPS estimate for the current year has increased 66.1%. The stock currently has a Zacks Rank #2 (Buy).Looking more specifically, Fabrinet belongs to the Electronics - Miscellaneous Components industry, a group that includes 26 individual stocks and currently sits at #132 in the Zacks Industry Rank. On average, stocks in this group have lost 6.8% this year, meaning that FN is performing better in terms of year-to-date returns.On the other hand, Compass, Inc. belongs to the Internet - Software industry. This 148-stock industry is currently ranked #75. The industry has moved -3.6% year to date.Fabrinet and Compass, Inc. could continue their solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to these stocks.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Fabrinet (FN): Free Stock Analysis Report Compass, Inc. (COMP): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks