Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Zendesk is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.
Zendesk is one of 646 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #4 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. ZEN is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for ZEN's full-year earnings has moved 0.26% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, ZEN has returned 24.04% so far this year. In comparison, Computer and Technology companies have returned an average of 10.98%. This means that Zendesk is outperforming the sector as a whole this year.
Breaking things down more, ZEN is a member of the Internet - Software industry, which includes 84 individual companies and currently sits at #31 in the Zacks Industry Rank. Stocks in this group have gained about 17.87% so far this year, so ZEN is performing better this group in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track ZEN. The stock will be looking to continue its solid performance.
Image: Bigstock
Is Zendesk (ZEN) Stock Outpacing Its Computer and Technology Peers This Year?
Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Zendesk is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.
Zendesk is one of 646 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #4 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. ZEN is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for ZEN's full-year earnings has moved 0.26% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, ZEN has returned 24.04% so far this year. In comparison, Computer and Technology companies have returned an average of 10.98%. This means that Zendesk is outperforming the sector as a whole this year.
Breaking things down more, ZEN is a member of the Internet - Software industry, which includes 84 individual companies and currently sits at #31 in the Zacks Industry Rank. Stocks in this group have gained about 17.87% so far this year, so ZEN is performing better this group in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track ZEN. The stock will be looking to continue its solid performance.