Investors focused on the Computer and Technology space have likely heard of VMware (VMW - 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.
VMware is one of 659 companies in the Computer and Technology group. The Computer and Technology group currently sits at #4 within 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 model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. VMW is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for VMW's full-year earnings has moved 1.02% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that VMW has returned about 26.49% since the start of the calendar year. At the same time, Computer and Technology stocks have lost an average of 0.30%. This means that VMware is outperforming the sector as a whole this year.
Looking more specifically, VMW belongs to the Computer - Software industry, which includes 50 individual stocks and currently sits at #81 in the Zacks Industry Rank. Stocks in this group have gained about 21.34% so far this year, so VMW is performing better this group in terms of year-to-date returns.
Investors in the Computer and Technology sector will want to keep a close eye on VMW as it attempts to continue its solid performance.