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? 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.
Sprint is a member of our Computer and Technology group, which includes 650 different companies and currently sits at #3 in 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 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. S is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for S's full-year earnings has moved 446.15% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, S has gained about 9.45% so far this year. Meanwhile, the Computer and Technology sector has returned an average of 3.58% on a year-to-date basis. This means that Sprint is performing better than its sector in terms of year-to-date returns.
Looking more specifically, S belongs to the Wireless National industry, a group that includes 17 individual stocks and currently sits at #64 in the Zacks Industry Rank. On average, stocks in this group have gained 7.18% 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.