Investors focused on the Computer and Technology space have likely heard of Sprint (S - 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.
Sprint is a member of the Computer and Technology sector. This group includes 659 individual stocks and currently holds a Zacks Sector Rank of #6. 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 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. S is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for S's full-year earnings has moved 653.85% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, S has returned 4.92% so far this year. Meanwhile, stocks in the Computer and Technology group have lost about 1.63% on average. This means that Sprint is outperforming the sector as a whole this year.
Looking more specifically, S belongs to the Wireless National industry, a group that includes 17 individual stocks and currently sits at #50 in the Zacks Industry Rank. On average, stocks in this group have gained 2.47% this year, meaning that S is performing better in terms of year-to-date returns.
Investors in the Computer and Technology sector will want to keep a close eye on S as it attempts to continue its solid performance.