We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Has Blend Labs (BLND) Outpaced Other Computer and Technology Stocks This Year?
Read MoreHide Full Article
For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Blend Labs (BLND - Free Report) one of those stocks right now? 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.
Blend Labs is a member of our Computer and Technology group, which includes 617 different companies and currently sits at #8 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. Blend Labs is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for BLND's full-year earnings has moved 29.9% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, BLND has returned 60.8% so far this year. Meanwhile, the Computer and Technology sector has returned an average of 23.8% on a year-to-date basis. This means that Blend Labs is performing better than its sector in terms of year-to-date returns.
Another stock in the Computer and Technology sector, OneSpan (OSPN - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 48.8%.
For OneSpan, the consensus EPS estimate for the current year has increased 5.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Blend Labs belongs to the Internet - Software industry, a group that includes 141 individual stocks and currently sits at #90 in the Zacks Industry Rank. On average, this group has gained an average of 16.8% so far this year, meaning that BLND is performing better in terms of year-to-date returns. OneSpan is also part of the same industry.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to Blend Labs and OneSpan as they could maintain their solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Has Blend Labs (BLND) Outpaced Other Computer and Technology Stocks This Year?
For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Blend Labs (BLND - Free Report) one of those stocks right now? 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.
Blend Labs is a member of our Computer and Technology group, which includes 617 different companies and currently sits at #8 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. Blend Labs is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for BLND's full-year earnings has moved 29.9% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, BLND has returned 60.8% so far this year. Meanwhile, the Computer and Technology sector has returned an average of 23.8% on a year-to-date basis. This means that Blend Labs is performing better than its sector in terms of year-to-date returns.
Another stock in the Computer and Technology sector, OneSpan (OSPN - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 48.8%.
For OneSpan, the consensus EPS estimate for the current year has increased 5.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Blend Labs belongs to the Internet - Software industry, a group that includes 141 individual stocks and currently sits at #90 in the Zacks Industry Rank. On average, this group has gained an average of 16.8% so far this year, meaning that BLND is performing better in terms of year-to-date returns. OneSpan is also part of the same industry.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to Blend Labs and OneSpan as they could maintain their solid performance.