Back to top

Image: Bigstock

Is eGain (EGAN) Stock Outpacing Its Computer and Technology Peers This Year?

Read MoreHide Full Article

Investors focused on the Computer and Technology space have likely heard of eGain (EGAN - Free Report) , 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.

eGain is a member of our Computer and Technology group, which includes 637 different companies and currently sits at #7 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

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. EGAN is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past 90 days, the Zacks Consensus Estimate for EGAN's full-year earnings has moved 23.08% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

According to our latest data, EGAN has moved about 25.27% on a year-to-date basis. Meanwhile, the Computer and Technology sector has returned an average of 16.47% on a year-to-date basis. This means that eGain is outperforming the sector as a whole this year.

Looking more specifically, EGAN belongs to the Internet - Software industry, a group that includes 83 individual stocks and currently sits at #85 in the Zacks Industry Rank. Stocks in this group have gained about 32.96% so far this year, so EGAN 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 EGAN. The stock will be looking to continue its solid performance.


See More Zacks Research for These Tickers


Normally $25 each - click below to receive one report FREE:


eGain Corporation (EGAN) - free report >>

Published in