U.S. Markets closed

Is Oracle (ORCL) Stock Outpacing Its Computer and Technology Peers This Year?

Zacks Equity Research
JB Hunt (JBHT) delivered earnings and revenue surprises of 1.48% and -0.63%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

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? 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.

Oracle is one of 635 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #7 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. 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 0.97% 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 24.30% since the start of the calendar year. At the same time, Computer and Technology stocks have gained an average of 19.86%. This shows that Oracle is outperforming its peers so far this year.

Looking more specifically, ORCL belongs to the Computer - Software industry, which includes 47 individual stocks and currently sits at #110 in the Zacks Industry Rank. This group has gained an average of 34% so far this year, so ORCL is slightly underperforming its industry in this area.

Investors in the Computer and Technology sector will want to keep a close eye on ORCL as it attempts to continue its solid performance.


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Oracle Corporation (ORCL) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.