Investors focused on the Computer and Technology space have likely heard of HP (HPQ Quick QuoteHPQ - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.

HP is one of 629 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #5 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

The Zacks Rank is a successful 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 broader market over the next one to three months. HPQ is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for HPQ's full-year earnings has moved 2.25% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Based on the most recent data, HPQ has returned 8.81% so far this year. At the same time, Computer and Technology stocks have gained an average of 6.62%. This means that HP is performing better than its sector in terms of year-to-date returns.

Looking more specifically, HPQ belongs to the Computer - Mini computers industry, which includes 4 individual stocks and currently sits at #49 in the Zacks Industry Rank. Stocks in this group have gained about 12.17% so far this year, so HPQ is slightly underperforming its industry this group in terms of year-to-date returns.

HPQ will likely be looking to continue its solid performance, so investors interested Computer and Technology stocks should continue to pay close attention to the company.