Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Oracle (ORCL) 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 ORCL and the rest of the Computer and Technology group's stocks.
Oracle is one of 638 companies in the Computer and Technology group. The Computer and Technology group currently sits at #8 within 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. ORCL is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for ORCL's full-year earnings has moved 0.39% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that ORCL has returned about 19.89% since the start of the calendar year. At the same time, Computer and Technology stocks have gained an average of 16.49%. This shows that Oracle is outperforming its peers so far this year.
Looking more specifically, ORCL belongs to the Computer - Software industry, a group that includes 47 individual stocks and currently sits at #56 in the Zacks Industry Rank. On average, this group has gained an average of 23% so far this year, meaning that ORCL is slightly underperforming its industry in terms of year-to-date returns.
Investors in the Computer and Technology sector will want to keep a close eye on ORCL as it attempts to continue its solid performance.
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