Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Unisys 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? One simple way to answer this question is to take a look at the year-to-date performance of UIS and the rest of the Computer and Technology group's stocks.
Unisys is one of 642 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #10 in 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 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. UIS is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for UIS's full-year earnings has moved 3.02% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, UIS has moved about 3.96% on a year-to-date basis. Meanwhile, stocks in the Computer and Technology group have gained about 16.71% on average. This means that Unisys is outperforming the sector as a whole this year.
To break things down more, UIS belongs to the Computers - IT Services industry, a group that includes 27 individual companies and currently sits at #82 in the Zacks Industry Rank. Stocks in this group have gained about 21.40% so far this year, so UIS 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 UIS. The stock will be looking to continue its solid performance.