Investors focused on the Computer and Technology space have likely heard of DXC Technology Company. (DXC), 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 DXC and the rest of the Computer and Technology group's stocks.
DXC Technology Company. is one of 646 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #4 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 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. DXC is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for DXC's full-year earnings has moved 0.16% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that DXC has returned about 23.17% since the start of the calendar year. Meanwhile, stocks in the Computer and Technology group have gained about 10.98% on average. As we can see, DXC Technology Company. is performing better than its sector in the calendar year.
Looking more specifically, DXC belongs to the Computers - IT Services industry, which includes 27 individual stocks and currently sits at #22 in the Zacks Industry Rank. On average, this group has gained an average of 15.52% so far this year, meaning that DXC is performing better in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track DXC. The stock will be looking to continue its solid performance.
DXC Technology Company. (DXC): Free Stock Analysis Report
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