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Is IPG Photonics (IPGP) Stock Outpacing Its Computer and Technology Peers This Year?

Zacks Equity Research
Updated
Northern Trust (NTRS) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

Investors focused on the Computer and Technology space have likely heard of IPG Photonics (IPGP), 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.

IPG Photonics is one of 630 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #9 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.

The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. IPGP is currently sporting a Zacks Rank of #2 (Buy).

Over the past three months, the Zacks Consensus Estimate for IPGP's full-year earnings has moved 1.28% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

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According to our latest data, IPGP has moved about 12.54% on a year-to-date basis. Meanwhile, stocks in the Computer and Technology group have gained about 9.60% on average. As we can see, IPG Photonics is performing better than its sector in the calendar year.

To break things down more, IPGP belongs to the Lasers Systems and Components industry, a group that includes 7 individual companies and currently sits at #71 in the Zacks Industry Rank. On average, stocks in this group have gained 11.18% this year, meaning that IPGP is performing better in terms of year-to-date returns.

Investors in the Computer and Technology sector will want to keep a close eye on IPGP as it attempts to continue its solid performance.


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IPG Photonics Corporation (IPGP) : Free Stock Analysis Report
 
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Zacks Investment Research