Investors focused on the Computer and Technology space have likely heard of Veeva Systems (VEEV), 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.
Veeva Systems is a member of the Computer and Technology sector. This group includes 637 individual stocks and currently holds a Zacks Sector Rank of #10. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. VEEV is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for VEEV's full-year earnings has moved 4.04% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that VEEV has returned about 74.18% since the start of the calendar year. In comparison, Computer and Technology companies have returned an average of 12.11%. As we can see, Veeva Systems is performing better than its sector in the calendar year.
Looking more specifically, VEEV belongs to the Internet - Software industry, which includes 83 individual stocks and currently sits at #74 in the Zacks Industry Rank. Stocks in this group have gained about 24.63% so far this year, so VEEV is performing better this group in terms of year-to-date returns.
Investors in the Computer and Technology sector will want to keep a close eye on VEEV as it attempts to continue its solid performance.
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