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Is Harris (HRS) Outperforming Other Computer and Technology Stocks This Year?

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Investors focused on the Computer and Technology space have likely heard of Harris , but is the stock performing well in comparison to the rest of its sector peers? 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.

Harris is a member of our Computer and Technology group, which includes 645 different companies and currently sits at #4 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 model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. HRS is currently sporting a Zacks Rank of #2 (Buy).

Over the past 90 days, the Zacks Consensus Estimate for HRS's full-year earnings has moved 1.90% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Based on the most recent data, HRS has returned 20.49% so far this year. At the same time, Computer and Technology stocks have gained an average of 11.66%. As we can see, Harris is performing better than its sector in the calendar year.

To break things down more, HRS belongs to the Wireless Equipment industry, a group that includes 14 individual companies and currently sits at #32 in the Zacks Industry Rank. This group has gained an average of 4.52% so far this year, so HRS is performing better in this area.

Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to HRS as it looks to continue its solid performance.

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