Investors focused on the Computer and Technology space have likely heard of Unisys (UIS), but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of UIS and the rest of the Computer and Technology group's stocks.
Unisys is one of 624 companies in the Computer and Technology group. The Computer and Technology group currently sits at #3 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. UIS is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for UIS's full-year earnings has moved 16.36% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, UIS has returned 146.63% so far this year. Meanwhile, the Computer and Technology sector has returned an average of 12.35% on a year-to-date basis. As we can see, Unisys is performing better than its sector in the calendar year.
Looking more specifically, UIS belongs to the Computers - IT Services industry, which includes 24 individual stocks and currently sits at #88 in the Zacks Industry Rank. This group has gained an average of 21.57% so far this year, so UIS is performing better in this area.
Investors with an interest in Computer and Technology stocks should continue to track UIS. The stock will be looking 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 Unisys Corporation (UIS): Free Stock Analysis Report To read this article on Zacks.com click here.