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Has Verizon Communications (VZ) Outpaced Other Computer and Technology Stocks This Year?
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Investors focused on the Computer and Technology space have likely heard of Verizon Communications (VZ - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.
Verizon Communications is a member of our Computer and Technology group, which includes 637 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 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. VZ is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for VZ's full-year earnings has moved 1.88% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that VZ has returned about 2.51% since the start of the calendar year. Meanwhile, the Computer and Technology sector has returned an average of 16.40% on a year-to-date basis. This means that Verizon Communications is outperforming the sector as a whole this year.
To break things down more, VZ belongs to the Wireless National industry, a group that includes 17 individual companies and currently sits at #60 in the Zacks Industry Rank. Stocks in this group have gained about 10.61% so far this year, so VZ is slightly underperforming its industry this group in terms of year-to-date returns.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to VZ as it looks to continue its solid performance.
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Has Verizon Communications (VZ) Outpaced Other Computer and Technology Stocks This Year?
Investors focused on the Computer and Technology space have likely heard of Verizon Communications (VZ - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.
Verizon Communications is a member of our Computer and Technology group, which includes 637 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 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. VZ is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for VZ's full-year earnings has moved 1.88% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that VZ has returned about 2.51% since the start of the calendar year. Meanwhile, the Computer and Technology sector has returned an average of 16.40% on a year-to-date basis. This means that Verizon Communications is outperforming the sector as a whole this year.
To break things down more, VZ belongs to the Wireless National industry, a group that includes 17 individual companies and currently sits at #60 in the Zacks Industry Rank. Stocks in this group have gained about 10.61% so far this year, so VZ is slightly underperforming its industry this group in terms of year-to-date returns.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to VZ as it looks to continue its solid performance.