Is Badger Meter (BMI) performing better than other computer and technology stocks this year?

Investors interested in computer and technology stocks should always look for the best-performing companies in the group. Is Badger Meter (BMI) currently one of these indices? By taking a look at the company’s stock’s year-to-date performance compared to its computer and technology peers, we may be able to answer this question.

Badger Meter is one of 618 individual companies operating in the computer and technology sector. Collectively, these companies have a Zacks Sector Rank of 12. 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 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 forecasts. Badger Meter is currently sporting a Zacks Rank #1 (Strong Buy).

Over the past three months, the Zacks Consensus Estimate for BMI’s full-year earnings has moved 9.9%. This means that analyst sentiment is improving and the company’s earnings outlook is more positive.

According to the latest available data, BMI has already increased by approximately 29.3% this year. Meanwhile, the computer and technology sector has returned an average of 16.8% year-to-date. This shows that Badger Meter is performing better than other solutions this year.

Diebold Nixdorf, Incorporated (DBD) is another computer and technology stock that has outperformed the sector this year. Since the beginning of the year, the share price has increased by 53.3%.

Over the past three months, the consensus estimate for Diebold Nixdorf Incorporated’s current-year EPS has increased 83.8%. The stock is currently sporting a Zacks Rank of #1 (Strong Buy).

More specifically, Badger Meter belongs to the Instruments – Control industry, a group that consists of 6 individual companies and currently sits at #11 in the Zacks Industry Rank. This group has gained an average of 18.6% so far this year, so BMI is better in this area.

However, Diebold Nixdorf, Incorporated belongs to the Internet – Software industry. Currently, this industry with 138 companies ranks 58th. The industry has advanced 11.6% so far this year.

Investors interested in computer and technology stocks should continue to track Badger Meter and Diebold Nixdorf, Incorporated. The shares of these companies will want to maintain their good performance.

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