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Is 3D Systems (DDD) Outperforming Other Computer and Technology Stocks This Year?
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Investors focused on the Computer and Technology space have likely heard of 3D Systems (DDD - Free Report) , 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 DDD and the rest of the Computer and Technology group's stocks.
3D Systems is one of 627 companies in the Computer and Technology group. The Computer and Technology group currently sits at #3 within 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. DDD is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for DDD's full-year earnings has moved 28.19% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that DDD has returned about 119.91% since the start of the calendar year. Meanwhile, the Computer and Technology sector has returned an average of 10.40% on a year-to-date basis. This shows that 3D Systems is outperforming its peers so far this year.
Looking more specifically, DDD belongs to the Computer - Mini computers industry, which includes 4 individual stocks and currently sits at #29 in the Zacks Industry Rank. This group has gained an average of 24.92% so far this year, so DDD is performing better in this area.
DDD will likely be looking to continue its solid performance, so investors interested Computer and Technology stocks should continue to pay close attention to the company.
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Is 3D Systems (DDD) Outperforming Other Computer and Technology Stocks This Year?
Investors focused on the Computer and Technology space have likely heard of 3D Systems (DDD - Free Report) , 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 DDD and the rest of the Computer and Technology group's stocks.
3D Systems is one of 627 companies in the Computer and Technology group. The Computer and Technology group currently sits at #3 within 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. DDD is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for DDD's full-year earnings has moved 28.19% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that DDD has returned about 119.91% since the start of the calendar year. Meanwhile, the Computer and Technology sector has returned an average of 10.40% on a year-to-date basis. This shows that 3D Systems is outperforming its peers so far this year.
Looking more specifically, DDD belongs to the Computer - Mini computers industry, which includes 4 individual stocks and currently sits at #29 in the Zacks Industry Rank. This group has gained an average of 24.92% so far this year, so DDD is performing better in this area.
DDD will likely be looking to continue its solid performance, so investors interested Computer and Technology stocks should continue to pay close attention to the company.