September 25, 2020

Taquer-Tech

Melts In Your Technology

Has Baozun (BZUN) Outpaced Other Computer and Technology Stocks This Year?

Investors interested in Computer and Technology stocks should always be looking to find the best-performing...

Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Has Baozun (BZUN) been one of those stocks this year? Let’s take a closer look at the stock’s year-to-date performance to find out.

Baozun is a member of the Computer and Technology sector. This group includes 606 individual stocks and currently holds a Zacks Sector Rank of #7. 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. BZUN is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past three months, the Zacks Consensus Estimate for BZUN’s full-year earnings has moved 19.37% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Based on the most recent data, BZUN has returned 14.16% so far this year. Meanwhile, the Computer and Technology sector has returned an average of 14.02% on a year-to-date basis. This means that Baozun is performing better than its sector in terms of year-to-date returns.

To break things down more, BZUN belongs to the Computers – IT Services industry, a group that includes 29 individual companies and currently sits at #171 in the Zacks Industry Rank. On average, stocks in this group have gained 14.44% this year, meaning that BZUN is slightly underperforming its industry in terms of year-to-date returns.

Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to BZUN 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
 
Baozun Inc. (BZUN) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.