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Has Baidu (BIDU) Outpaced Other Computer and Technology Stocks This Year?
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For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Baidu (BIDU - 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.
Baidu is a member of the Computer and Technology sector. This group includes 635 individual stocks and currently holds a Zacks Sector Rank of #6. 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. BIDU is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for BIDU's full-year earnings has moved 21.64% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that BIDU has returned about 7.79% since the start of the calendar year. At the same time, Computer and Technology stocks have gained an average of 1.53%. This means that Baidu is performing better than its sector in terms of year-to-date returns.
To break things down more, BIDU belongs to the Internet - Services industry, a group that includes 43 individual companies and currently sits at #91 in the Zacks Industry Rank. On average, stocks in this group have lost 8.39% this year, meaning that BIDU is performing better in terms of year-to-date returns.
Investors in the Computer and Technology sector will want to keep a close eye on BIDU as it attempts to continue its solid performance.
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Has Baidu (BIDU) Outpaced Other Computer and Technology Stocks This Year?
For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Baidu (BIDU - 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.
Baidu is a member of the Computer and Technology sector. This group includes 635 individual stocks and currently holds a Zacks Sector Rank of #6. 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. BIDU is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for BIDU's full-year earnings has moved 21.64% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that BIDU has returned about 7.79% since the start of the calendar year. At the same time, Computer and Technology stocks have gained an average of 1.53%. This means that Baidu is performing better than its sector in terms of year-to-date returns.
To break things down more, BIDU belongs to the Internet - Services industry, a group that includes 43 individual companies and currently sits at #91 in the Zacks Industry Rank. On average, stocks in this group have lost 8.39% this year, meaning that BIDU is performing better in terms of year-to-date returns.
Investors in the Computer and Technology sector will want to keep a close eye on BIDU as it attempts to continue its solid performance.