Investors focused on the Computer and Technology space have likely heard of eGain (EGAN - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.
eGain is a member of the Computer and Technology sector. This group includes 641 individual stocks and currently holds a Zacks Sector Rank of #6. 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 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. EGAN is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for EGAN's full-year earnings has moved 23.08% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, EGAN has moved about 23.74% on a year-to-date basis. In comparison, Computer and Technology companies have returned an average of 15.30%. This means that eGain is outperforming the sector as a whole this year.
Breaking things down more, EGAN is a member of the Internet - Software industry, which includes 84 individual companies and currently sits at #85 in the Zacks Industry Rank. Stocks in this group have gained about 23.22% so far this year, so EGAN is performing better this group in terms of year-to-date returns.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to EGAN as it looks to continue its solid performance.