The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is CenturyLink (CTL - Free Report) one of those stocks right now? 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.
CenturyLink 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 is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. CTL is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for CTL's full-year earnings has moved 15.21% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, CTL has moved about 27.10% on a year-to-date basis. At the same time, Computer and Technology stocks have gained an average of 12.82%. As we can see, CenturyLink is performing better than its sector in the calendar year.
Looking more specifically, CTL belongs to the Wireless National industry, which includes 15 individual stocks and currently sits at #65 in the Zacks Industry Rank. On average, stocks in this group have gained 0.90% this year, meaning that CTL is performing better in terms of year-to-date returns.
CTL will likely be looking to continue its solid performance, so investors interested Computer and Technology stocks should continue to pay close attention to the company.