Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. PC-Tel (PCTI - 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 PCTI and the rest of the Computer and Technology group's stocks.
PC-Tel is one of 633 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 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. PCTI is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for PCTI's full-year earnings has moved 220% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, PCTI has moved about 89.74% on a year-to-date basis. In comparison, Computer and Technology companies have returned an average of 19.72%. As we can see, PC-Tel is performing better than its sector in the calendar year.
Looking more specifically, PCTI belongs to the Wireless Equipment industry, which includes 14 individual stocks and currently sits at #102 in the Zacks Industry Rank. Stocks in this group have gained about 16.11% so far this year, so PCTI is performing better this group in terms of year-to-date returns.
Investors in the Computer and Technology sector will want to keep a close eye on PCTI as it attempts to continue its solid performance.