Investors focused on the Computer and Technology space have likely heard of Veeva Systems VEEV, 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.
Veeva Systems is a member of the Computer and Technology sector. This group includes 635 individual stocks and currently holds a Zacks Sector Rank of #5. 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. VEEV is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for VEEV's full-year earnings has moved 29.75% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, VEEV has moved about 25.58% on a year-to-date basis. Meanwhile, stocks in the Computer and Technology group have gained about 1.18% on average. This means that Veeva Systems is outperforming the sector as a whole this year.
To break things down more, VEEV belongs to the Internet – Software industry, a group that includes 72 individual companies and currently sits at #93 in the Zacks Industry Rank. On average, this group has gained an average of 8.36% so far this year, meaning that VEEV is performing better in terms of year-to-date returns.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to VEEV as it looks to continue its solid performance.
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
Be the first to comment