The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. HP (HPQ - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of HPQ and the rest of the Computer and Technology group's stocks.
HP is one of 630 companies in the Computer and Technology group. The Computer and Technology group currently sits at #4 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 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. HPQ is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for HPQ's full-year earnings has moved 5.54% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that HPQ has returned about 10.51% since the start of the calendar year. Meanwhile, stocks in the Computer and Technology group have gained about 0.75% on average. This means that HP is performing better than its sector in terms of year-to-date returns.
Looking more specifically, HPQ belongs to the Computer - Mini computers industry, a group that includes 4 individual stocks and currently sits at #30 in the Zacks Industry Rank. This group has gained an average of 0.18% so far this year, so HPQ is performing better in this area.
Investors in the Computer and Technology sector will want to keep a close eye on HPQ 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. HP (HPQ - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of HPQ and the rest of the Computer and Technology group's stocks.
HP is one of 630 companies in the Computer and Technology group. The Computer and Technology group currently sits at #4 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 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. HPQ is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for HPQ's full-year earnings has moved 5.54% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that HPQ has returned about 10.51% since the start of the calendar year. Meanwhile, stocks in the Computer and Technology group have gained about 0.75% on average. This means that HP is performing better than its sector in terms of year-to-date returns.
Looking more specifically, HPQ belongs to the Computer - Mini computers industry, a group that includes 4 individual stocks and currently sits at #30 in the Zacks Industry Rank. This group has gained an average of 0.18% so far this year, so HPQ is performing better in this area.
Investors in the Computer and Technology sector will want to keep a close eye on HPQ 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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