The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Unisys (UIS) one of those stocks right now? 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.
Unisys is one of 594 companies in the Computer and Technology group. The Computer and Technology group currently sits at #4 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 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. UIS is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for UIS's full-year earnings has moved 16.36% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that UIS has returned about 121.72% since the start of the calendar year. Meanwhile, stocks in the Computer and Technology group have lost about 0.45% on average. 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 #101 in the Zacks Industry Rank. On average, stocks in this group have gained 8.03% this year, meaning that UIS 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 UIS as it attempts to continue its solid performance.
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