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Is Evolent Health (EVH) Outperforming Other Computer and Technology Stocks This Year?
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The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Evolent Health (EVH - Free Report) one of those stocks right now? 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.
Evolent Health is a member of our Computer and Technology group, which includes 657 different companies and currently sits at #5 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. Evolent Health is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for EVH's full-year earnings has moved 243.8% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, EVH has gained about 16.4% so far this year. At the same time, Computer and Technology stocks have lost an average of 35.4%. This means that Evolent Health is outperforming the sector as a whole this year.
KVH Industries (KVHI - Free Report) is another Computer and Technology stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 0.1%.
Over the past three months, KVH Industries' consensus EPS estimate for the current year has increased 37%. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Evolent Health is a member of the Internet - Software industry, which includes 152 individual companies and currently sits at #67 in the Zacks Industry Rank. This group has lost an average of 57.1% so far this year, so EVH is performing better in this area.
KVH Industries, however, belongs to the Communication - Components industry. Currently, this 15-stock industry is ranked #52. The industry has moved -25.9% so far this year.
Evolent Health and KVH Industries could continue their solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to these stocks.
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Is Evolent Health (EVH) Outperforming Other Computer and Technology Stocks This Year?
The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Evolent Health (EVH - Free Report) one of those stocks right now? 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.
Evolent Health is a member of our Computer and Technology group, which includes 657 different companies and currently sits at #5 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. Evolent Health is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for EVH's full-year earnings has moved 243.8% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, EVH has gained about 16.4% so far this year. At the same time, Computer and Technology stocks have lost an average of 35.4%. This means that Evolent Health is outperforming the sector as a whole this year.
KVH Industries (KVHI - Free Report) is another Computer and Technology stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 0.1%.
Over the past three months, KVH Industries' consensus EPS estimate for the current year has increased 37%. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Evolent Health is a member of the Internet - Software industry, which includes 152 individual companies and currently sits at #67 in the Zacks Industry Rank. This group has lost an average of 57.1% so far this year, so EVH is performing better in this area.
KVH Industries, however, belongs to the Communication - Components industry. Currently, this 15-stock industry is ranked #52. The industry has moved -25.9% so far this year.
Evolent Health and KVH Industries could continue their solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to these stocks.