Investors focused on the Computer and Technology space have likely heard of Intel (INTC - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.
Intel is one of 609 companies in the Computer and Technology group. The Computer and Technology group currently sits at #5 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. INTC is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for INTC's full-year earnings has moved 9.16% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, INTC has gained about 4.46% so far this year. Meanwhile, the Computer and Technology sector has returned an average of 3.68% on a year-to-date basis. This shows that Intel is outperforming its peers so far this year.
Breaking things down more, INTC is a member of the Semiconductor - General industry, which includes 7 individual companies and currently sits at #77 in the Zacks Industry Rank. This group has gained an average of 4.30% so far this year, so INTC is performing better in this area.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to INTC as it looks to continue its solid performance.