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.
Is Hewlett Packard Enterprise (HPE) Stock Outpacing Its Computer and Technology Peers This Year?
Read MoreHide Full Article
Investors focused on the Computer and Technology space have likely heard of Hewlett Packard Enterprise (HPE - 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.
Hewlett Packard Enterprise is one of 641 companies in the Computer and Technology group. The Computer and Technology group currently sits at #6 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. HPE is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for HPE's full-year earnings has moved 4.46% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, HPE has gained about 23.16% so far this year. Meanwhile, the Computer and Technology sector has returned an average of 20.73% on a year-to-date basis. This means that Hewlett Packard Enterprise is outperforming the sector as a whole this year.
Looking more specifically, HPE belongs to the Computer - Integrated Systems industry, a group that includes 9 individual stocks and currently sits at #49 in the Zacks Industry Rank. On average, stocks in this group have gained 28.97% this year, meaning that HPE is slightly underperforming its industry in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track HPE. The stock will be looking to continue its solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is Hewlett Packard Enterprise (HPE) Stock Outpacing Its Computer and Technology Peers This Year?
Investors focused on the Computer and Technology space have likely heard of Hewlett Packard Enterprise (HPE - 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.
Hewlett Packard Enterprise is one of 641 companies in the Computer and Technology group. The Computer and Technology group currently sits at #6 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. HPE is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for HPE's full-year earnings has moved 4.46% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, HPE has gained about 23.16% so far this year. Meanwhile, the Computer and Technology sector has returned an average of 20.73% on a year-to-date basis. This means that Hewlett Packard Enterprise is outperforming the sector as a whole this year.
Looking more specifically, HPE belongs to the Computer - Integrated Systems industry, a group that includes 9 individual stocks and currently sits at #49 in the Zacks Industry Rank. On average, stocks in this group have gained 28.97% this year, meaning that HPE is slightly underperforming its industry in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track HPE. The stock will be looking to continue its solid performance.