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Science Applications International Corporation (SAIC) - free report >>
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Science Applications International Corporation (SAIC) - free report >>
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Is SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (SAIC) Outperforming Other Computer and Technology Stocks This Year?
The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (SAIC - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of SAIC and the rest of the Computer and Technology group's stocks.
SCIENCE APPLICATIONS INTERNATIONAL CORPORATION is a member of our Computer and Technology group, which includes 624 different companies and currently sits at #3 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 system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. SAIC is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for SAIC's full-year earnings has moved 1.68% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that SAIC has returned about 3.74% since the start of the calendar year. At the same time, Computer and Technology stocks have gained an average of 11.79%. As we can see, SCIENCE APPLICATIONS INTERNATIONAL CORPORATION is performing better than its sector in the calendar year.
To break things down more, SAIC belongs to the Computers - IT Services industry, a group that includes 24 individual companies and currently sits at #88 in the Zacks Industry Rank. Stocks in this group have gained about 21.70% so far this year, so SAIC is slightly underperforming its industry this group in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track SAIC. The stock will be looking to continue its solid performance.