Investors focused on the Computer and Technology space have likely heard of EPAM Systems (EPAM), 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.
EPAM Systems is one of 630 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #8 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. EPAM is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for EPAM's full-year earnings has moved 1.32% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that EPAM has returned about 51.68% since the start of the calendar year. At the same time, Computer and Technology stocks have gained an average of 26.38%. This means that EPAM Systems is outperforming the sector as a whole this year.
Looking more specifically, EPAM belongs to the Computers - IT Services industry, a group that includes 28 individual stocks and currently sits at #55 in the Zacks Industry Rank. This group has gained an average of 17.77% so far this year, so EPAM is performing better in this area.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to EPAM as it looks to continue its solid performance.
EPAM Systems, Inc. (EPAM): Free Stock Analysis Report
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Zacks Investment Research