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Has Telephone and Data Systems (TDS) Outpaced Other Utilities Stocks This Year?

Qualcomm (QCOM) closed at $71.80 in the latest trading session, marking a -0.22% move from the prior day.

Investors interested in Utilities stocks should always be looking to find the best-performing companies in the group. Has Telephone and Data Systems (TDS) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Utilities sector should help us answer this question.

Telephone and Data Systems is one of 125 companies in the Utilities group. The Utilities group currently sits at #9 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. TDS is currently sporting a Zacks Rank of #2 (Buy).

Over the past 90 days, the Zacks Consensus Estimate for TDS's full-year earnings has moved 73.04% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

According to our latest data, TDS has moved about 25.29% on a year-to-date basis. In comparison, Utilities companies have returned an average of 0.47%. This means that Telephone and Data Systems is outperforming the sector as a whole this year.

Looking more specifically, TDS belongs to the Wireline - National industry, which includes 1 individual stocks and currently sits at #2 in the Zacks Industry Rank. On average, this group has gained an average of 27.01% so far this year, meaning that TDS is slightly underperforming its industry in terms of year-to-date returns.

Going forward, investors interested in Utilities stocks should continue to pay close attention to TDS as it looks to continue its solid performance.


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