Investors focused on the Computer and Technology space have likely heard of China Mobile (Hong Kong) (CHL - 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 CHL and the rest of the Computer and Technology group's stocks.
China Mobile (Hong Kong) is one of 642 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #9 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. CHL is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for CHL's full-year earnings has moved 6.91% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, CHL has gained about 4.33% so far this year. In comparison, Computer and Technology companies have returned an average of 19.35%. This means that China Mobile (Hong Kong) is performing better than its sector in terms of year-to-date returns.
To break things down more, CHL belongs to the Wireless Non-US industry, a group that includes 17 individual companies and currently sits at #30 in the Zacks Industry Rank. On average, stocks in this group have gained 3.21% this year, meaning that CHL is performing better in terms of year-to-date returns.
CHL will likely be looking to continue its solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to the company.