Advertisement
Canada markets open in 1 hour 56 minutes

  • S&P/TSX

    21,740.20
    -159.79 (-0.73%)
     

  • S&P 500

    5,061.82
    -61.59 (-1.20%)
     

  • DOW

    37,735.11
    -248.13 (-0.65%)
     

  • CAD/USD

    0.7253
    -0.0000 (-0.00%)
     

  • CRUDE OIL

    85.20
    -0.21 (-0.25%)
     

  • Bitcoin CAD

    86,286.30
    -5,049.28 (-5.53%)
     

  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     

  • GOLD FUTURES

    2,387.60
    +4.60 (+0.19%)
     

  • RUSSELL 2000

    1,975.71
    -27.47 (-1.37%)
     

  • 10-Yr Bond

    4.6280
    0.0000 (0.00%)
     

  • NASDAQ futures

    17,873.50
    -2.75 (-0.02%)
     

  • VOLATILITY

    19.04
    -0.19 (-0.99%)
     

  • FTSE

    7,857.62
    -107.91 (-1.35%)
     

  • NIKKEI 225

    38,471.20
    -761.60 (-1.94%)
     

  • CAD/EUR

    0.6818
    -0.0006 (-0.09%)
     
MARKETS LIVE BLOG:

STOCKS SLIP WITH MIDEAST TENSIONS, EARNINGS IN PLAY

Oil pares losses as traders anticipate Israel's response to Iranian attack

Is Perficient (PRFT) Outperforming Other Computer and Technology Stocks This Year?

Zacks Equity Research

Investors focused on the Computer and Technology space have likely heard of Perficient (PRFT), 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.

Perficient is one of 629 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 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. PRFT is currently sporting a Zacks Rank of #2 (Buy).

Over the past three months, the Zacks Consensus Estimate for PRFT's full-year earnings has moved 0.32% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

ADVERTISEMENT

Based on the most recent data, PRFT has returned 74.93% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 28.26% on average. As we can see, Perficient is performing better than its sector in the calendar year.

Breaking things down more, PRFT is a member of the Computer - Services industry, which includes 14 individual companies and currently sits at #14 in the Zacks Industry Rank. On average, stocks in this group have gained 28.77% this year, meaning that PRFT is performing better in terms of year-to-date returns.

PRFT will likely be looking to continue its solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to the company.


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
 
Perficient, Inc. (PRFT) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.