The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has 3D Systems (DDD) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
3D Systems is a member of our Computer and Technology group, which includes 596 different companies and currently sits at #5 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. DDD is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for DDD's full-year earnings has moved 38.58% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, DDD has gained about 112.73% so far this year. Meanwhile, the Computer and Technology sector has returned an average of 10.91% on a year-to-date basis. As we can see, 3D Systems is performing better than its sector in the calendar year.
To break things down more, DDD belongs to the Computer - Mini computers industry, a group that includes 3 individual companies and currently sits at #13 in the Zacks Industry Rank. This group has gained an average of 36.19% so far this year, so DDD is performing better in this area.
Investors in the Computer and Technology sector will want to keep a close eye on DDD as it attempts to continue its solid performance.
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