By taking a look at the stock’s year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question. Perficient is a member of our Computer and Technology group, which includes 642 different companies and currently sits at #9 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. PRFT is currently sporting a Zacks Rank of #2 (Buy). Within the past quarter, the Zacks Consensus Estimate for PRFT’s full-year earnings has moved 0.78% higher. This shows that analyst sentiment has improved and the company’s earnings outlook is stronger. Based on the latest available data, PRFT has gained about 27.81% so far this year. At the same time, Computer and Technology stocks have gained an average of 19.94%. As we can see, Perficient is performing better than its sector in the calendar year.
Breaking things down more, PRFT is a member of the Computer – Services industry, which includes 15 individual companies and currently sits at #30 in the Zacks Industry Rank. This group has gained an average of 13.11% so far this year, so PRFT is performing better in this area.