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Are Computer and Technology Stocks Lagging Guidewire Software (GWRE) 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. Has Guidewire Software (GWRE - 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.

Guidewire Software is one of 608 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #4 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 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. Guidewire Software is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for GWRE's full-year earnings has moved 104.1% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Based on the most recent data, GWRE has returned 39.6% so far this year. In comparison, Computer and Technology companies have returned an average of 6.1%. This shows that Guidewire Software is outperforming its peers so far this year.

Another stock in the Computer and Technology sector, Amphenol (APH - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 40.6%.

The consensus estimate for Amphenol's current year EPS has increased 14.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).

Looking more specifically, Guidewire Software belongs to the Internet - Software industry, which includes 169 individual stocks and currently sits at #48 in the Zacks Industry Rank. Stocks in this group have gained about 16.2% so far this year, so GWRE is performing better this group in terms of year-to-date returns.

Amphenol, however, belongs to the Electronics - Connectors industry. Currently, this 2-stock industry is ranked #15. The industry has moved +40.3% so far this year.

Investors with an interest in Computer and Technology stocks should continue to track Guidewire Software and Amphenol. These stocks will be looking to continue their solid performance.


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