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Has Harris (HRS) Outpaced Other Computer and Technology Stocks This Year?

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For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Harris been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.

Harris is one of 659 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #6 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. HRS is currently sporting a Zacks Rank of #2 (Buy).

Over the past 90 days, the Zacks Consensus Estimate for HRS's full-year earnings has moved 0.90% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

Based on the most recent data, HRS has returned 6.62% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 1.28% on average. This means that Harris is performing better than its sector in terms of year-to-date returns.

Looking more specifically, HRS belongs to the Wireless Equipment industry, which includes 16 individual stocks and currently sits at #18 in the Zacks Industry Rank. On average, this group has gained an average of 6.83% so far this year, meaning that HRS is slightly underperforming its industry in terms of year-to-date returns.

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

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