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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? One simple way to answer this question is to take a look at the year-to-date performance of KEYS and the rest of the Computer and Technology group's stocks.

Keysight Technologies is a member of the Computer and Technology sector. This group includes 633 individual stocks and currently holds a Zacks Sector Rank of #6. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.

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 #1 (Strong Buy).

Over the past three months, the Zacks Consensus Estimate for KEYS's full-year earnings has moved 9.46% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Our latest available data shows that KEYS has returned about 53.03% since the start of the calendar year. Meanwhile, stocks in the Computer and Technology group have gained about 22.21% on average. This means that Keysight Technologies is outperforming the sector as a whole this year.

To break things down more, KEYS belongs to the Electronics - Measuring Instruments industry, a group that includes 7 individual companies and currently sits at #1 in the Zacks Industry Rank. On average, this group has gained an average of 35.59% so far this year, meaning that KEYS is performing better in terms of year-to-date returns.

Investors in the Computer and Technology sector will want to keep a close eye on KEYS as it attempts to continue its solid performance.


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