Is ACI Worldwide (ACIW) Stock Outpacing Its Computer and Technology Peers This Year?

Investors looking for promising stocks in the Computer and Technology sector should focus on companies that are outshining their competitors. One such company worth examining is ACI Worldwide (ACIW). We will analyze ACI Worldwide's performance year-to-date to determine how it stacks up against its peers.

ACI Worldwide is part of the broader Computer and Technology sector, which comprises 603 different stocks. The sector currently holds a Zacks Sector Rank of #5, a ranking system that assesses 16 different groups based on the average Zacks Rank of the stocks in those groups. This ranking helps investors gauge the relative strength of each sector.

The Zacks Rank is a renowned model used for identifying stocks with the potential to outperform the market over the next one to three months. It concentrates on earnings estimate revisions and prioritizes companies with promising earnings outlooks. Presently, ACI Worldwide boasts a Zacks Rank of #1, indicating a 'Strong Buy' signal.

Over the last three months, the Zacks Consensus Estimate for ACIW's full-year earnings has increased by 5.8%. This upward revision suggests a more favorable analyst sentiment towards the company's future earnings potential.

To date, ACI Worldwide's stock has risen approximately 2.2% this year. In comparison, the average return for stocks in the Computer and Technology sector has declined by about 8.7%. This indicates that ACI Worldwide has been outperforming its sector this year.

Another notable player in the Computer and Technology space is Jabil (JBL), which has also shown commendable performance thus far. Jabil's year-to-date return stands at 0.9%. Despite its slower growth compared to ACI Worldwide, it is still noteworthy within this challenging environment.

Looking at Jabil's performance, the consensus EPS estimate for the current fiscal year has remained unchanged over the past three months, resulting in a Zacks Rank #2, classified as a 'Buy.'

Focusing more on ACI Worldwide's industry segment, it belongs to the Computer - Software industry. This industry includes 32 stocks and currently holds a Zacks Industry Rank of #140. Over the course of this year, the industry has experienced an average decline of 6.9%, underscoring ACI Worldwide's superior performance in this category.

In contrast, Jabil operates within the Electronics - Manufacturing Services industry, which currently comprises just 4 stocks and ranks at #18. The industry's performance since the start of the year has slightly dipped by 0.7%.

For investors keen on the Computer and Technology sector, keeping a close watch on ACI Worldwide and Jabil could be beneficial as they strive to maintain their positive trajectory amid a challenging market landscape.

ACIWorldwide, Jabil, performance