Investors focused on the Computer and Technology space have likely heard of Intel (INTC - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.
Intel is one of 627 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #3 in the Zacks Sector Rank. 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 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. INTC is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for INTC's full-year earnings has moved 7.49% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that INTC has returned about 7.52% since the start of the calendar year. At the same time, Computer and Technology stocks have gained an average of 10.11%. This means that Intel is performing better than its sector in terms of year-to-date returns.
Looking more specifically, INTC belongs to the Semiconductor - General industry, which includes 8 individual stocks and currently sits at #10 in the Zacks Industry Rank. This group has gained an average of 14.27% so far this year, so INTC is slightly underperforming its industry in this area.
Investors in the Computer and Technology sector will want to keep a close eye on INTC as it attempts to continue its solid performance.