Investors focused on the Computer and Technology space have likely heard of ServiceSource International (SREV), 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.
ServiceSource International is a member of the Computer and Technology sector. This group includes 630 individual stocks and currently holds a Zacks Sector Rank of #6. 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 system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. SREV is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for SREV's full-year earnings has moved 16.67% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, SREV has gained about 46.30% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 29.41% on average. This means that ServiceSource International is performing better than its sector in terms of year-to-date returns.
To break things down more, SREV belongs to the Computer - Software industry, a group that includes 46 individual companies and currently sits at #60 in the Zacks Industry Rank. Stocks in this group have gained about 40.52% so far this year, so SREV is performing better this group in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track SREV. The stock will be looking to continue its solid performance.
ServiceSource International, Inc. (SREV): Free Stock Analysis Report
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