Investors focused on the Computer and Technology space have likely heard of 3D Systems , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of DDD and the rest of the Computer and Technology group's stocks.
3D Systems is one of 625 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #2 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 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. DDD is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for DDD's full-year earnings has moved 28.19% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, DDD has moved about 143.52% on a year-to-date basis. Meanwhile, stocks in the Computer and Technology group have gained about 13.40% on average. This shows that 3D Systems is outperforming its peers so far this year.
Looking more specifically, DDD belongs to the Computer - Mini computers industry, a group that includes 4 individual stocks and currently sits at #11 in the Zacks Industry Rank. Stocks in this group have gained about 35.17% so far this year, so DDD is performing better this group in terms of year-to-date returns.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to DDD as it looks to continue its solid performance.