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Is Baidu (BIDU) Outperforming Other Computer and Technology Stocks This Year?

Zacks Equity Research
Updated
Does Zebra Technologies (ZBRA) have what it takes to be a top stock pick for momentum investors? Let's find out.

The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Baidu (BIDU) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.

Baidu is one of 630 companies in the Computer and Technology group. The Computer and Technology group currently sits at #8 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.

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. BIDU is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past three months, the Zacks Consensus Estimate for BIDU's full-year earnings has moved 9.18% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

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According to our latest data, BIDU has moved about 11.40% on a year-to-date basis. Meanwhile, stocks in the Computer and Technology group have gained about 8.61% on average. This shows that Baidu is outperforming its peers so far this year.

Looking more specifically, BIDU belongs to the Internet - Services industry, which includes 43 individual stocks and currently sits at #71 in the Zacks Industry Rank. Stocks in this group have lost about 0.68% so far this year, so BIDU is performing better this group in terms of year-to-date returns.

Investors in the Computer and Technology sector will want to keep a close eye on BIDU as it attempts to continue its solid performance.


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Baidu, Inc. (BIDU) : Free Stock Analysis Report
 
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Zacks Investment Research