For those looking to find strong computer and technology stocks, it’s prudent to look for companies in this group that are outperforming their peers. is a Bell fuse (Belfort – free report) one of these stocks right now? We may be able to answer this question by looking at how the stock has performed year-to-date compared to its computer and technology peers.
Bel Fuse is a member of our Computers and Technology group, which includes 654 different companies and currently carries the Zacks Industry Rank #5. The Zacks Industry Rank consists of 16 different groups and is listed in order of best to worst for each company within each industry based on their average Zacks Rank.
The Zacks Rank is a successful stock picking model that emphasizes earnings estimates and estimate revisions. The system highlights a few different stocks that are likely to outperform the broader market over the next one to three months. Bel Fuse currently carries a Zacks Rank #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for BELFB’s full-year earnings has improved by 29.1%. This points to an improvement in analyst sentiment and a stronger earnings outlook for the company.
According to our latest data, BELFB has gained about 154.6% YTD. Meanwhile, computer and technology stocks fell an average 35.4%. This suggests that Bel Fuse has outperformed its peers so far this year.
Another stock in the computer and technology space, Perion Network (Perry – Free Report), outperforming the industry so far this year. The stock has returned 5.2% year-to-date.
For Perion Network, the consensus EPS estimate for the current year has risen 17.6% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking it down further, Bel Fuse is a member of the Electronics – Miscellaneous Products industry, which includes 27 individual companies and is currently ranked #156 in the Zacks Industry Rank. On average, the group has lost an average of 39% year-to-date, implying that BELFB has fared better in terms of year-to-date returns.
In contrast, Perion Network belongs to the internet-content industry. Currently, there are 16 stocks in this sector, ranking 74th. Since the beginning of the year, the industry has moved -38.7%.
Investors interested in the computer and technology space may want to keep a close eye on Bel Fuse and Perion Network as they attempt to continue their solid performance.