Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. EPAM Systems (EPAM) 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 EPAM and the rest of the Computer and Technology group's stocks.
EPAM Systems is a member of our Computer and Technology group, which includes 629 different companies and currently sits at #5 in 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 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. EPAM is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for EPAM's full-year earnings has moved 1.53% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, EPAM has gained about 80.76% so far this year. In comparison, Computer and Technology companies have returned an average of 29.33%. This shows that EPAM Systems is outperforming its peers so far this year.
Breaking things down more, EPAM is a member of the Computers - IT Services industry, which includes 28 individual companies and currently sits at #106 in the Zacks Industry Rank. On average, stocks in this group have gained 25.61% this year, meaning that EPAM is performing better in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track EPAM. The stock will be looking to continue its solid performance.
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