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 one of 637 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #7 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. EGAN is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for EGAN's full-year earnings has moved 23.08% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that EGAN has returned about 25.27% since the start of the calendar year. Meanwhile, the Computer and Technology sector has returned an average of 13.80% on a year-to-date basis. This means that eGain is performing better than its sector in terms of year-to-date returns.
Breaking things down more, EGAN is a member of the Internet - Software industry, which includes 83 individual companies and currently sits at #73 in the Zacks Industry Rank. Stocks in this group have gained about 26.08% so far this year, so EGAN is slightly underperforming its industry this group in terms of year-to-date returns.
EGAN 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.