Investors focused on the Computer and Technology space have likely heard of PC-Tel (PCTI - 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 PCTI and the rest of the Computer and Technology group's stocks.
PC-Tel is one of 638 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #9 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. PCTI is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for PCTI's full-year earnings has moved 220% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, PCTI has returned 71.79% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 21.99% on average. This shows that PC-Tel is outperforming its peers so far this year.
Looking more specifically, PCTI belongs to the Wireless Equipment industry, a group that includes 15 individual stocks and currently sits at #112 in the Zacks Industry Rank. This group has gained an average of 19.39% so far this year, so PCTI is performing better in this area.
Investors in the Computer and Technology sector will want to keep a close eye on PCTI as it attempts to continue its solid performance.