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Is eGain (EGAN) Outperforming Other Computer and Technology Stocks This Year?

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Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Is eGain (EGAN - Free Report) one of those stocks right now? 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.

eGain is a member of the Computer and Technology sector. This group includes 642 individual stocks and currently holds a Zacks Sector Rank of #6. 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. EGAN is currently sporting a Zacks Rank of #1 (Strong Buy).

Within the past quarter, the Zacks Consensus Estimate for EGAN's full-year earnings has moved 1,200% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Based on the latest available data, EGAN has gained about 78.69% so far this year. Meanwhile, the Computer and Technology sector has returned an average of 14.86% on a year-to-date basis. This shows that eGain is outperforming its peers so far this year.

Looking more specifically, EGAN belongs to the Internet - Software industry, a group that includes 83 individual stocks and currently sits at #58 in the Zacks Industry Rank. On average, stocks in this group have gained 24% this year, meaning that EGAN is performing better in terms of year-to-date returns.

EGAN 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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