Investors focused on the Computer and Technology space have likely heard of DXC Technology Company. (DXC), but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.
DXC Technology Company. is one of 635 individual stocks in the Computer and Technology sector. Collectively, these companies sit 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 is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. DXC is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for DXC's full-year earnings has moved 4.47% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, DXC has moved about 8.60% on a year-to-date basis. Meanwhile, stocks in the Computer and Technology group have gained about 1.90% on average. This means that DXC Technology Company. is outperforming the sector as a whole this year.
Looking more specifically, DXC belongs to the Computers - IT Services industry, a group that includes 25 individual stocks and currently sits at #37 in the Zacks Industry Rank. Stocks in this group have gained about 4.23% so far this year, so DXC 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 DXC as it attempts to continue its solid performance.
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