Investors focused on the Computer and Technology space have likely heard of United States Cellular (USM - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? 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.
United States Cellular is one of 659 companies in the Computer and Technology group. The Computer and Technology group currently sits at #6 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. USM is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for USM's full-year earnings has moved 46.25% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, USM has returned 51.85% so far this year. Meanwhile, stocks in the Computer and Technology group have lost about 1.63% on average. As we can see, United States Cellular is performing better than its sector in the calendar year.
Looking more specifically, USM belongs to the Wireless National industry, a group that includes 17 individual stocks and currently sits at #50 in the Zacks Industry Rank. This group has gained an average of 2.47% so far this year, so USM is performing better in this area.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to USM as it looks to continue its solid performance.