The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has United States Cellular (USM) 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 Computer and Technology sector should help us answer this question.
United States Cellular is a member of the Computer and Technology sector. This group includes 658 individual stocks and currently holds a Zacks Sector Rank of #4. 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 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. USM is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for USM's full-year earnings has moved 46.25% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that USM has returned about 44.54% since the start of the calendar year. Meanwhile, stocks in the Computer and Technology group have lost about 0.33% on average. This means that United States Cellular is performing better than its sector in terms of year-to-date returns.
Looking more specifically, USM belongs to the Wireless National industry, a group that includes 17 individual stocks and currently sits at #58 in the Zacks Industry Rank. On average, stocks in this group have lost 1.45% this year, meaning that USM is performing better in terms of year-to-date returns.
Investors in the Computer and Technology sector will want to keep a close eye on USM as it attempts to continue its solid performance.
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