The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has KANZHUN LIMITED Sponsored ADR (BZ) been one of those stocks this year? 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.
KANZHUN LIMITED Sponsored ADR is a member of our Computer and Technology group, which includes 605 different companies and currently sits 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 is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. KANZHUN LIMITED Sponsored ADR is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for BZ's full-year earnings has moved 6.3% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, BZ has moved about 61.1% on a year-to-date basis. At the same time, Computer and Technology stocks have gained an average of 29.6%. This means that KANZHUN LIMITED Sponsored ADR is performing better than its sector in terms of year-to-date returns.
Corning (GLW) 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 81.9%.
The consensus estimate for Corning's current year EPS has increased 1.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, KANZHUN LIMITED Sponsored ADR belongs to the Internet - Software industry, which includes 168 individual stocks and currently sits at #74 in the Zacks Industry Rank. Stocks in this group have gained about 21.2% so far this year, so BZ is performing better this group in terms of year-to-date returns.
Corning, however, belongs to the Communication - Components industry. Currently, this 11-stock industry is ranked #28. The industry has moved +83.1% so far this year.
Investors with an interest in Computer and Technology stocks should continue to track KANZHUN LIMITED Sponsored ADR and Corning. These stocks will be looking to continue their solid performance.
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KANZHUN LIMITED Sponsored ADR (BZ): Free Stock Analysis Report Corning Incorporated (GLW): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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