Technology

Is eGain (EGAN) Stock Outpacing Its Computer and Technology Peers This Year?

Investors focused on the Computer and Technology space have likely heard of eGain (EGAN), but is the stock performing well in comparison to the rest of its sector peers? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.

eGain is one of 640 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #3 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.

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. EGAN is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for EGAN's full-year earnings has moved 1,200% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

According to our latest data, EGAN has moved about 45.66% on a year-to-date basis. Meanwhile, the Computer and Technology sector has returned an average of 22.97% on a year-to-date basis. As we can see, eGain is performing better than its sector in the calendar year.

To break things down more, EGAN belongs to the Internet - Software industry, a group that includes 84 individual companies and currently sits at #37 in the Zacks Industry Rank. On average, stocks in this group have gained 26.02% this year, meaning that EGAN 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 EGAN as it attempts to continue its solid performance.


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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.