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 a member of the Computer and Technology sector. This group includes 659 individual stocks and currently holds a Zacks Sector Rank of #3. 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 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 9.07% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, INTC has moved about 3.44% on a year-to-date basis. At the same time, Computer and Technology stocks have lost an average of 0.32%. This means that Intel is outperforming the sector as a whole this year.
Breaking things down more, INTC is a member of the Semiconductor - General industry, which includes 8 individual companies and currently sits at #204 in the Zacks Industry Rank. On average, this group has lost an average of 4.62% so far this year, meaning that INTC is performing better in terms of year-to-date returns.
INTC will likely be looking to continue its solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to the company.