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Is DXC Technology Company. (DXC) Stock Outpacing Its Computer and Technology Peers This Year?
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Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Has DXC Technology Company. (DXC - Free Report) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.
DXC Technology Company. is one of 641 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #6 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 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. DXC is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for DXC's full-year earnings has moved 1.79% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that DXC has returned about 23.64% since the start of the calendar year. In comparison, Computer and Technology companies have returned an average of 23.04%. This means that DXC Technology Company. is performing better than its sector in terms of year-to-date returns.
To break things down more, DXC belongs to the Computers - IT Services industry, a group that includes 28 individual companies and currently sits at #40 in the Zacks Industry Rank. On average, this group has gained an average of 31.89% so far this year, meaning that DXC is slightly underperforming its industry in terms of year-to-date returns.
Investors in the Computer and Technology sector will want to keep a close eye on DXC as it attempts to continue its solid performance.
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Is DXC Technology Company. (DXC) Stock Outpacing Its Computer and Technology Peers This Year?
Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Has DXC Technology Company. (DXC - Free Report) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.
DXC Technology Company. is one of 641 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #6 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 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. DXC is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for DXC's full-year earnings has moved 1.79% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that DXC has returned about 23.64% since the start of the calendar year. In comparison, Computer and Technology companies have returned an average of 23.04%. This means that DXC Technology Company. is performing better than its sector in terms of year-to-date returns.
To break things down more, DXC belongs to the Computers - IT Services industry, a group that includes 28 individual companies and currently sits at #40 in the Zacks Industry Rank. On average, this group has gained an average of 31.89% so far this year, meaning that DXC is slightly underperforming its industry in terms of year-to-date returns.
Investors in the Computer and Technology sector will want to keep a close eye on DXC as it attempts to continue its solid performance.