Is Microsoft (MSFT) Outperforming Other Computer and Technology Stocks This Year? – Yahoo Finance

Posted: July 29, 2021 at 8:47 pm

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? 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.

Microsoft is a member of our Computer and Technology group, which includes 630 different companies and currently sits at #14 in 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 model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. MSFT is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for MSFT's full-year earnings has moved 2.07% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

Based on the most recent data, MSFT has returned 28.68% so far this year. In comparison, Computer and Technology companies have returned an average of 22.47%. This means that Microsoft is performing better than its sector in terms of year-to-date returns.

Breaking things down more, MSFT is a member of the Computer - Software industry, which includes 38 individual companies and currently sits at #90 in the Zacks Industry Rank. This group has gained an average of 25.14% so far this year, so MSFT is performing better in this area.

Investors in the Computer and Technology sector will want to keep a close eye on MSFT as it attempts to continue its solid performance.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportMicrosoft Corporation (MSFT) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Here is the original post:

Is Microsoft (MSFT) Outperforming Other Computer and Technology Stocks This Year? - Yahoo Finance

Related Posts