Investors focused on the Computer and Technology space have likely heard of Dell Technologies (DELL - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of DELL and the rest of the Computer and Technology group's stocks.
Dell Technologies is one of 645 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #5 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. DELL is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for DELL's full-year earnings has moved 7.49% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, DELL has moved about 12.54% on a year-to-date basis. In comparison, Computer and Technology companies have returned an average of 12.12%. This means that Dell Technologies is performing better than its sector in terms of year-to-date returns.
Breaking things down more, DELL is a member of the Computers - IT Services industry, which includes 27 individual companies and currently sits at #37 in the Zacks Industry Rank. Stocks in this group have gained about 20.03% so far this year, so DELL 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 DELL. The stock will be looking to continue its solid performance.