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Is Keysight Technologies (KEYS) Outperforming Other Computer and Technology Stocks This Year?

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Investors focused on the Computer and Technology space have likely heard of Keysight Technologies (KEYS - Free Report) , 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.

Keysight Technologies is one of 655 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. KEYS is currently sporting a Zacks Rank of #2 (Buy).

Over the past three months, the Zacks Consensus Estimate for KEYS's full-year earnings has moved 3.48% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Based on the latest available data, KEYS has gained about 45.96% so far this year. Meanwhile, the Computer and Technology sector has returned an average of -3.65% on a year-to-date basis. This means that Keysight Technologies is outperforming the sector as a whole this year.

Breaking things down more, KEYS is a member of the Electronics - Measuring Instruments industry, which includes 7 individual companies and currently sits at #24 in the Zacks Industry Rank. On average, this group has gained an average of 27.71% so far this year, meaning that KEYS is performing better in terms of year-to-date returns.

KEYS will likely be looking to continue its solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to the company.


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