Is Microsoft (MSFT) Stock Outpacing Its Computer and Technology Peers This Year?
Investors focused on the Computer and Technology space have likely heard of Microsoft (MSFT), 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.
Microsoft is a member of the Computer and Technology sector. This group includes 640 individual stocks and currently holds a Zacks Sector Rank of #4. 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 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. MSFT is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for MSFT's full-year earnings has moved 1.53% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that MSFT has returned about 27.15% since the start of the calendar year. Meanwhile, stocks in the Computer and Technology group have gained about 24.20% on average. This means that Microsoft is outperforming the sector as a whole this year.
Looking more specifically, MSFT belongs to the Computer - Software industry, which includes 48 individual stocks and currently sits at #18 in the Zacks Industry Rank. On average, this group has gained an average of 27.06% so far this year, meaning that MSFT is performing better in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track MSFT. The stock will be looking to continue its solid performance.
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