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? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.
Microsoft is a member of our Computer and Technology group, which includes 659 different companies and currently sits at #5 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 proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. MSFT is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for MSFT's full-year earnings has moved 3.73% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, MSFT has returned 25.02% so far this year. Meanwhile, stocks in the Computer and Technology group have lost about 0.30% on average. As we can see, Microsoft is performing better than its sector in the calendar year.
Breaking things down more, MSFT is a member of the Computer - Software industry, which includes 50 individual companies and currently sits at #83 in the Zacks Industry Rank. Stocks in this group have gained about 19.53% so far this year, so MSFT is performing better this group in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track MSFT. The stock will be looking to continue its solid performance.
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