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Is Intel (INTC) Stock Outpacing Its Computer and Technology Peers This Year?
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Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Has Intel (INTC - 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.
Intel is a member of our Computer and Technology group, which includes 630 different companies and currently sits at #6 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. INTC is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for INTC's full-year earnings has moved 12.95% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, INTC has gained about 5.63% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 4.42% on average. This means that Intel is outperforming the sector as a whole this year.
Breaking things down more, INTC is a member of the Semiconductor - General industry, which includes 8 individual companies and currently sits at #10 in the Zacks Industry Rank. On average, this group has gained an average of 10.29% so far this year, meaning that INTC is slightly underperforming its industry in terms of year-to-date returns.
INTC 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.
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Is Intel (INTC) Stock Outpacing Its Computer and Technology Peers This Year?
Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Has Intel (INTC - 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.
Intel is a member of our Computer and Technology group, which includes 630 different companies and currently sits at #6 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. INTC is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for INTC's full-year earnings has moved 12.95% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, INTC has gained about 5.63% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 4.42% on average. This means that Intel is outperforming the sector as a whole this year.
Breaking things down more, INTC is a member of the Semiconductor - General industry, which includes 8 individual companies and currently sits at #10 in the Zacks Industry Rank. On average, this group has gained an average of 10.29% so far this year, meaning that INTC is slightly underperforming its industry in terms of year-to-date returns.
INTC 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.