Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Has CDW (CDW - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
CDW is one of 638 companies in the Computer and Technology group. The Computer and Technology group currently sits at #9 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. CDW is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for CDW's full-year earnings has moved 1.24% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, CDW has returned 47.24% so far this year. In comparison, Computer and Technology companies have returned an average of 21.99%. As we can see, CDW is performing better than its sector in the calendar year.
Breaking things down more, CDW is a member of the Computers - IT Services industry, which includes 27 individual companies and currently sits at #84 in the Zacks Industry Rank. This group has gained an average of 24.23% so far this year, so CDW is performing better in this area.
Investors in the Computer and Technology sector will want to keep a close eye on CDW as it attempts to continue its solid performance.