Is Camtek’s stock (CAMT) outperforming its IT and tech peers this year?


IInvestors interested in IT and technology stocks should always seek out the best performing companies in the group. Is Camtek (CAMT) one of these actions now? Looking at how the stock has performed since the start of the year relative to its IT and tech peers, we might be able to answer this question.

Camtek is a member of our IT & Technology group, which includes 647 different companies and currently ranks 7th in the Zacks Sector ranking. Zacks’ industry ranking considers 16 different industry groups. The average Zacks rank of individual stocks within groups is measured and sectors are ranked from best to worst.

Zacks Rank is an effective stock picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the overall market over the next one to three months. Camtek currently has a Zacks rank of # 2 (Buy).

In the last quarter, Zacks’ consensus estimate for CAMT’s annual earnings rose 2.6%. This shows that analyst sentiment has improved and the company’s earnings outlook is stronger.

Based on the latest available data, CAMT has gained around 108.8% so far this year. Meanwhile, shares of the Computer and Technology group gained about 27.2% on average. This means Camtek is outperforming the industry as a whole this year.

Another IT and tech stock, Donnelley Financial Solutions (DFIN), has outperformed the industry so far this year. The share return since the start of the year is 186.3%.

Over the past three months, Donnelley Financial Solutions’ consensus estimate of EPS for the current year has increased by 29.7%. The stock currently has a Zacks Rank # 1 (strong buy).

To break things down further, Camtek belongs to the Electronics Industry – Measuring Instruments, a group that includes 4 individual companies and currently sits 6th in the Zacks industry rankings. On average, this group has gained an average of 176% so far this year, meaning the AMC is slightly underperforming its industry in terms of year-to-date returns.

On the other hand, Donnelley Financial Solutions falls under the Internet – Software and services sector. Currently, this industry has 13 stocks and is ranked 98th. Since the start of the year, the industry has grown by -2.3%.

Camtek and Donnelley Financial Solutions could continue their strong performance, so investors interested in IT and technology stocks should continue to pay close attention to these stocks.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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