The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is VMware one of those stocks right now? 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.
VMware is one of 647 companies in the Computer and Technology group. The Computer and Technology group currently sits at #4 within 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 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. VMW is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for VMW's full-year earnings has moved 1% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, VMW has returned 8.97% so far this year. In comparison, Computer and Technology companies have returned an average of 7.19%. This means that VMware is performing better than its sector in terms of year-to-date returns.
Breaking things down more, VMW is a member of the Computer - Software industry, which includes 49 individual companies and currently sits at #83 in the Zacks Industry Rank. On average, stocks in this group have gained 7.17% this year, meaning that VMW 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 VMW as it attempts to continue its solid performance.
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Is VMware (VMW) Stock Outpacing Its Computer and Technology Peers 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. Is VMware one of those stocks right now? 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.
VMware is one of 647 companies in the Computer and Technology group. The Computer and Technology group currently sits at #4 within 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 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. VMW is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for VMW's full-year earnings has moved 1% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, VMW has returned 8.97% so far this year. In comparison, Computer and Technology companies have returned an average of 7.19%. This means that VMware is performing better than its sector in terms of year-to-date returns.
Breaking things down more, VMW is a member of the Computer - Software industry, which includes 49 individual companies and currently sits at #83 in the Zacks Industry Rank. On average, stocks in this group have gained 7.17% this year, meaning that VMW 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 VMW as it attempts to continue its solid performance.