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Has Veeva Systems (VEEV) Outpaced Other Computer and Technology Stocks This Year?
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Investors focused on the Computer and Technology space have likely heard of Veeva Systems (VEEV - 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.
Veeva Systems is a member of the Computer and Technology sector. This group includes 650 individual stocks and currently holds a Zacks Sector Rank of #4. 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. VEEV is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for VEEV's full-year earnings has moved 8.38% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that VEEV has returned about 6.11% since the start of the calendar year. Meanwhile, the Computer and Technology sector has returned an average of 2.66% on a year-to-date basis. This means that Veeva Systems is outperforming the sector as a whole this year.
Looking more specifically, VEEV belongs to the Internet - Software industry, which includes 84 individual stocks and currently sits at #43 in the Zacks Industry Rank. Stocks in this group have gained about 7% so far this year, so VEEV is slightly underperforming its industry this group in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track VEEV. The stock will be looking to continue its solid performance.
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Has Veeva Systems (VEEV) Outpaced Other Computer and Technology Stocks This Year?
Investors focused on the Computer and Technology space have likely heard of Veeva Systems (VEEV - 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.
Veeva Systems is a member of the Computer and Technology sector. This group includes 650 individual stocks and currently holds a Zacks Sector Rank of #4. 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. VEEV is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for VEEV's full-year earnings has moved 8.38% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that VEEV has returned about 6.11% since the start of the calendar year. Meanwhile, the Computer and Technology sector has returned an average of 2.66% on a year-to-date basis. This means that Veeva Systems is outperforming the sector as a whole this year.
Looking more specifically, VEEV belongs to the Internet - Software industry, which includes 84 individual stocks and currently sits at #43 in the Zacks Industry Rank. Stocks in this group have gained about 7% so far this year, so VEEV is slightly underperforming its industry this group in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track VEEV. The stock will be looking to continue its solid performance.