The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. CACI International (CACI) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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.
CACI International is one of 606 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #1 in 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. CACI International is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for CACI's full-year earnings has moved 0.2% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, CACI has moved about 25.7% on a year-to-date basis. Meanwhile, stocks in the Computer and Technology group have gained about 22.9% on average. This means that CACI International is performing better than its sector in terms of year-to-date returns.
Nvidia (NVDA) is another Computer and Technology stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 40.2%.
For Nvidia, the consensus EPS estimate for the current year has increased 4.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, CACI International belongs to the Computer - Services industry, which includes 9 individual stocks and currently sits at #68 in the Zacks Industry Rank. Stocks in this group have lost about 0.2% so far this year, so CACI is performing better this group in terms of year-to-date returns.
Nvidia, however, belongs to the Semiconductor - General industry. Currently, this 7-stock industry is ranked #99. The industry has moved +38.6% so far this year.
CACI International and Nvidia could continue their solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to these stocks.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
CACI International, Inc. (CACI): Free Stock Analysis Report NVIDIA Corporation (NVDA): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
