The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Bentley Systems, Incorporated (BSY) 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.
Bentley Systems, Incorporated is one of 607 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #7 in the Zacks Sector Rank. 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. Bentley Systems, Incorporated is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for BSY's full-year earnings has moved 4.4% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, BSY has returned 2.2% so far this year. In comparison, Computer and Technology companies have returned an average of -1.7%. This means that Bentley Systems, Incorporated is performing better than its sector in terms of year-to-date returns.
Another stock in the Computer and Technology sector, Broadcom Inc. (AVGO), has outperformed the sector so far this year. The stock's year-to-date return is 4.4%.
For Broadcom Inc. the consensus EPS estimate for the current year has increased 6.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Bentley Systems, Incorporated belongs to the Internet - Software industry, a group that includes 167 individual companies and currently sits at #51 in the Zacks Industry Rank. Stocks in this group have gained about 6.9% so far this year, so BSY is slightly underperforming its industry this group in terms of year-to-date returns.
In contrast, Broadcom Inc. falls under the Electronics - Semiconductors industry. Currently, this industry has 45 stocks and is ranked #89. Since the beginning of the year, the industry has moved -1%.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to Bentley Systems, Incorporated and Broadcom Inc. as they could maintain their solid performance.
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See This Stock Now for Free >>Bentley Systems, Incorporated (BSY) : Free Stock Analysis Report
Broadcom Inc. (AVGO) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
