The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Viasat (VSAT - 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 VSAT and the rest of the Computer and Technology group's stocks.
Viasat is one of 637 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #10 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. VSAT is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for VSAT's full-year earnings has moved 142.86% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, VSAT has returned 53.11% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 12.64% on average. This shows that Viasat is outperforming its peers so far this year.
To break things down more, VSAT belongs to the Wireless Equipment industry, a group that includes 14 individual companies and currently sits at #13 in the Zacks Industry Rank. This group has gained an average of 16.96% so far this year, so VSAT is performing better in this area.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to VSAT as it looks to continue its solid performance.