Investors focused on the Computer and Technology space have likely heard of Syntel , but is the stock performing well in comparison to the rest of its sector peers? 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.
Syntel 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 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. SYNT is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for SYNT's full-year earnings has moved 2.15% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, SYNT has gained about 76.47% so far this year. Meanwhile, the Computer and Technology sector has returned an average of 10.40% on a year-to-date basis. This means that Syntel is outperforming the sector as a whole this year.
Breaking things down more, SYNT is a member of the Computer - Services industry, which includes 18 individual companies and currently sits at #49 in the Zacks Industry Rank. On average, this group has gained an average of 7.94% so far this year, meaning that SYNT is performing better in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track SYNT. The stock will be looking to continue its solid performance.