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Is Plantronics (PLT) Stock Outpacing Its Computer and Technology Peers This Year?

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Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Plantronics (PLT - Free Report) 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 PLT and the rest of the Computer and Technology group's stocks.

Plantronics is a member of our Computer and Technology group, which includes 642 different companies and currently sits at #8 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. 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 means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Our latest available data shows that PLT has returned about 37.95% since the start of the calendar year. Meanwhile, stocks in the Computer and Technology group have gained about 16.16% on average. As we can see, Plantronics is performing better than its sector in the calendar year.

Looking more specifically, PLT belongs to the Communication - Components industry, which includes 24 individual stocks and currently sits at #20 in the Zacks Industry Rank. Stocks in this group have gained about 23.73% so far this year, so PLT 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 PLT. The stock will be looking to continue its solid performance.

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