Investors focused on the Computer and Technology space have likely heard of eGain (EGAN), 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 EGAN and the rest of the Computer and Technology group's stocks.
eGain is a member of our Computer and Technology group, which includes 642 different companies and currently sits 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 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. EGAN is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for EGAN's full-year earnings has moved 1,200% 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, EGAN has returned 58.45% so far this year. Meanwhile, the Computer and Technology sector has returned an average of 16.20% on a year-to-date basis. This means that eGain is outperforming the sector as a whole this year.
To break things down more, EGAN belongs to the Internet - Software industry, a group that includes 83 individual companies and currently sits at #57 in the Zacks Industry Rank. On average, stocks in this group have gained 26.33% this year, meaning that EGAN is performing better in terms of year-to-date returns.
Investors in the Computer and Technology sector will want to keep a close eye on EGAN as it attempts to continue its solid performance.
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