Traders centered on the Laptop or computer and Technological know-how area have possible listened to of BlackBerry (BB), but is the stock undertaking effectively in comparison to the rest of its sector friends? A rapid look at the company’s yr-to-date performance in comparison to the rest of the Computer system and Engineering sector should help us reply this query.
BlackBerry is a member of the Laptop and Technologies sector. This group involves 632 unique shares and at present holds a Zacks Sector Rank of #9. The Zacks Sector Rank considers 16 diverse groups, measuring the common Zacks Rank of the personal shares inside the sector to gauge the toughness of just about every team.
The Zacks Rank emphasizes earnings estimates and estimate revisions to locate shares with bettering earnings outlooks. This program has a extensive report of achievements, and these stocks tend to be on monitor to beat the marketplace more than the upcoming one to three months. BB is now sporting a Zacks Rank of #1 (Strong Obtain).
About the previous 90 days, the Zacks Consensus Estimate for BB’s entire-12 months earnings has moved 400% increased. This signifies that analyst sentiment is stronger and the stock’s earnings outlook is strengthening.
Our most up-to-date offered information displays that BB has returned about 12.22% because the begin of the calendar yr. Meanwhile, the Laptop or computer and Technological know-how sector has returned an normal of 1.29% on a year-to-day basis. This usually means that BlackBerry is outperforming the sector as a full this 12 months.
To crack issues down much more, BB belongs to the Wireless Non-US marketplace, a team that includes 18 specific providers and now sits at #91 in the Zacks Industry Rank. Stocks in this team have gained about .78% so much this calendar year, so BB is performing superior this group in phrases of 12 months-to-date returns.
Buyers in the Personal computer and Technological innovation sector will want to keep a close eye on BB as it attempts to go on its reliable performance.