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Is Plantronics (PLT) Outperforming Other Computer and Technology Stocks This Year?

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Investors focused on the Computer and Technology space have likely heard of Plantronics (PLT - 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.

Plantronics is one of 642 companies in the Computer and Technology group. The Computer and Technology group currently sits at #8 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.

The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. PLT is currently sporting a Zacks Rank of #1 (Strong Buy).

Within the past quarter, the Zacks Consensus Estimate for PLT's full-year earnings has moved 106.95% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Our latest available data shows that PLT has returned about 47.31% since the start of the calendar year. Meanwhile, stocks in the Computer and Technology group have gained about 15.56% on average. This means that Plantronics is performing better than its sector in terms of year-to-date returns.

Looking more specifically, PLT belongs to the Communication - Components industry, which includes 24 individual stocks and currently sits at #17 in the Zacks Industry Rank. This group has gained an average of 21.94% so far this year, so PLT is performing better in this area.

Investors in the Computer and Technology sector will want to keep a close eye on PLT as it attempts to continue its solid performance.

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