The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Veeva Systems (VEEV - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Veeva Systems is one of 606 companies in the Computer and Technology group. The Computer and Technology group currently sits at #7 within 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 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. VEEV is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for VEEV's full-year earnings has moved 2.67% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, VEEV has moved about 78.45% on a year-to-date basis. Meanwhile, stocks in the Computer and Technology group have gained about 14.52% on average. This shows that Veeva Systems is outperforming its peers so far this year.
To break things down more, VEEV belongs to the Internet - Software industry, a group that includes 91 individual companies and currently sits at #106 in the Zacks Industry Rank. This group has gained an average of 51.33% so far this year, so VEEV is performing better in this area.
Investors in the Computer and Technology sector will want to keep a close eye on VEEV as it attempts to continue its solid performance.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Veeva Systems (VEEV - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Veeva Systems is one of 606 companies in the Computer and Technology group. The Computer and Technology group currently sits at #7 within 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 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. VEEV is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for VEEV's full-year earnings has moved 2.67% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, VEEV has moved about 78.45% on a year-to-date basis. Meanwhile, stocks in the Computer and Technology group have gained about 14.52% on average. This shows that Veeva Systems is outperforming its peers so far this year.
To break things down more, VEEV belongs to the Internet - Software industry, a group that includes 91 individual companies and currently sits at #106 in the Zacks Industry Rank. This group has gained an average of 51.33% so far this year, so VEEV is performing better in this area.
Investors in the Computer and Technology sector will want to keep a close eye on VEEV as it attempts to continue its solid performance.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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