Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Has Badger Meter (BMI) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Badger Meter is one of 618 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #8 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. Badger Meter is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for BMI's full-year earnings has moved 4.3% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, BMI has returned 30.9% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 18.2% on average. This means that Badger Meter is outperforming the sector as a whole this year.
One other Computer and Technology stock that has outperformed the sector so far this year is NuScale Power Corporation (SMR). The stock is up 176.9% year-to-date.
In NuScale Power Corporation's case, the consensus EPS estimate for the current year increased 14.1% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Badger Meter belongs to the Instruments - Control industry, which includes 6 individual stocks and currently sits at #71 in the Zacks Industry Rank. Stocks in this group have gained about 8.8% so far this year, so BMI is performing better this group in terms of year-to-date returns.
NuScale Power Corporation, however, belongs to the Electronics - Power Generation industry. Currently, this 5-stock industry is ranked #55. The industry has moved +18.6% so far this year.
Investors with an interest in Computer and Technology stocks should continue to track Badger Meter and NuScale Power Corporation. These stocks will be looking to continue their solid performance.
Research Chief Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. 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 UpBadger Meter, Inc. (BMI) : Free Stock Analysis Report
NuScale Power Corporation (SMR) : Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
