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. ManTech International (MANT - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of MANT and the rest of the Computer and Technology group's stocks.
ManTech International is a member of our Computer and Technology group, which includes 629 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 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. MANT is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for MANT's full-year earnings has moved 2.24% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, MANT has moved about 8.47% on a year-to-date basis. Meanwhile, the Computer and Technology sector has returned an average of 6.62% on a year-to-date basis. This means that ManTech International is outperforming the sector as a whole this year.
To break things down more, MANT belongs to the Computer - Services industry, a group that includes 18 individual companies and currently sits at #108 in the Zacks Industry Rank. On average, stocks in this group have gained 10.82% this year, meaning that MANT is slightly underperforming its industry in terms of year-to-date returns.
Investors in the Computer and Technology sector will want to keep a close eye on MANT as it attempts to continue its solid performance.