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Is Keysight Technologies (KEYS) Stock Outpacing Its Computer and Technology Peers This Year?

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Investors focused on the Computer and Technology space have likely heard of Keysight Technologies (KEYS - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of KEYS and the rest of the Computer and Technology group's stocks.

Keysight Technologies is a member of our Computer and Technology group, which includes 637 different companies and currently sits at #10 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. KEYS is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for KEYS's full-year earnings has moved 6.01% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

Based on the most recent data, KEYS has returned 27.38% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 12.64% on average. As we can see, Keysight Technologies is performing better than its sector in the calendar year.

To break things down more, KEYS belongs to the Electronics - Measuring Instruments industry, a group that includes 8 individual companies and currently sits at #237 in the Zacks Industry Rank. On average, stocks in this group have gained 22.07% this year, meaning that KEYS is performing better in terms of year-to-date returns.

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


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