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. Is Baozun (BZUN - 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.
Baozun is a member of our Computer and Technology group, which includes 632 different companies and currently sits at #5 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. BZUN is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for BZUN's full-year earnings has moved 11.88% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, BZUN has gained about 85.36% so far this year. Meanwhile, the Computer and Technology sector has returned an average of 5.80% on a year-to-date basis. This means that Baozun is outperforming the sector as a whole this year.
Looking more specifically, BZUN belongs to the Computers - IT Services industry, which includes 25 individual stocks and currently sits at #88 in the Zacks Industry Rank. This group has gained an average of 9.55% so far this year, so BZUN is performing better in this area.
BZUN will likely be looking to continue its solid performance, so investors interested Computer and Technology stocks should continue to pay close attention to the company.