Investors focused on the Computer and Technology space have likely heard of Microsoft (MSFT), 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 MSFT and the rest of the Computer and Technology group's stocks.
Microsoft is one of 638 companies in the Computer and Technology group. The Computer and Technology group currently sits at #8 within 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 proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. MSFT is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for MSFT's full-year earnings has moved 2.46% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, MSFT has returned 37.88% so far this year. Meanwhile, the Computer and Technology sector has returned an average of 22.23% on a year-to-date basis. As we can see, Microsoft is performing better than its sector in the calendar year.
To break things down more, MSFT belongs to the Computer - Software industry, a group that includes 48 individual companies and currently sits at #55 in the Zacks Industry Rank. Stocks in this group have gained about 32.70% so far this year, so MSFT is performing better this group in terms of year-to-date returns.
MSFT 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.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Microsoft Corporation (MSFT): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research