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Is salesforce.com (CRM) 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 salesforce.com (CRM - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? 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.
salesforce.com is a member of the Computer and Technology sector. This group includes 625 individual stocks and currently holds a Zacks Sector Rank of #13. 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 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. CRM is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for CRM's full-year earnings has moved 31.31% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that CRM has returned about 25.68% since the start of the calendar year. In comparison, Computer and Technology companies have returned an average of 23.75%. This means that salesforce.com is performing better than its sector in terms of year-to-date returns.
Looking more specifically, CRM belongs to the Computer - Software industry, which includes 38 individual stocks and currently sits at #155 in the Zacks Industry Rank. On average, stocks in this group have gained 29.09% this year, meaning that CRM is slightly underperforming its industry in terms of year-to-date returns.
CRM will likely be looking to continue its solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to the company.
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Is salesforce.com (CRM) Stock Outpacing Its Computer and Technology Peers This Year?
Investors focused on the Computer and Technology space have likely heard of salesforce.com (CRM - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? 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.
salesforce.com is a member of the Computer and Technology sector. This group includes 625 individual stocks and currently holds a Zacks Sector Rank of #13. 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 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. CRM is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for CRM's full-year earnings has moved 31.31% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that CRM has returned about 25.68% since the start of the calendar year. In comparison, Computer and Technology companies have returned an average of 23.75%. This means that salesforce.com is performing better than its sector in terms of year-to-date returns.
Looking more specifically, CRM belongs to the Computer - Software industry, which includes 38 individual stocks and currently sits at #155 in the Zacks Industry Rank. On average, stocks in this group have gained 29.09% this year, meaning that CRM is slightly underperforming its industry in terms of year-to-date returns.
CRM will likely be looking to continue its solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to the company.