The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Unisys (UIS - 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.
Unisys is a member of our Computer and Technology group, which includes 625 different companies and currently sits at #3 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 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. UIS is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for UIS's full-year earnings has moved 13.94% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, UIS has gained about 134.97% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 12.88% on average. This means that Unisys is outperforming the sector as a whole this year.
Looking more specifically, UIS belongs to the Computers - IT Services industry, which includes 25 individual stocks and currently sits at #88 in the Zacks Industry Rank. On average, stocks in this group have gained 20.77% this year, meaning that UIS is performing better in terms of year-to-date returns.
Investors in the Computer and Technology sector will want to keep a close eye on UIS as it attempts to continue its solid performance.