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Is Keysight Technologies (KEYS) Stock Outpacing Its Computer and Technology Peers This Year?

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Investors focused on the Computer and Technology space have likely heard of Keysight Technologies (KEYS - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.

Keysight Technologies is a member of our Computer and Technology group, which includes 623 different companies and currently sits 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. KEYS is currently sporting a Zacks Rank of #2 (Buy).

Over the past 90 days, the Zacks Consensus Estimate for KEYS's full-year earnings has moved 5.99% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Based on the most recent data, KEYS has returned 57.81% so far this year. Meanwhile, the Computer and Technology sector has returned an average of 12.80% on a year-to-date basis. As we can see, Keysight Technologies is performing better than its sector in the calendar year.

To break things down more, KEYS belongs to the Electronics - Measuring Instruments industry, a group that includes 10 individual companies and currently sits at #3 in the Zacks Industry Rank. This group has gained an average of 38.34% so far this year, so KEYS is performing better in this area.

Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to KEYS as it looks to continue its solid performance.


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