Investors focused on the Computer and Technology space have likely heard of Simulations Plus (SLP), but is the stock performing well in comparison to the rest of its sector peers? 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.
Simulations Plus is one of 638 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #8 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. SLP is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for SLP's full-year earnings has moved 6.78% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, SLP has returned 82.01% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 22.23% on average. This means that Simulations Plus is performing better than its sector in terms of year-to-date returns.
Breaking things down more, SLP is a member of the Computer - Software industry, which includes 48 individual companies and currently sits at #55 in the Zacks Industry Rank. This group has gained an average of 32.70% so far this year, so SLP is performing better in this area.
SLP will likely be looking to continue its solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to the company.
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