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Is Turtle Beach (HEAR) Outperforming Other Computer and Technology Stocks This Year?
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The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Turtle Beach (HEAR - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.
Turtle Beach is a member of the Computer and Technology sector. This group includes 626 individual stocks and currently holds a Zacks Sector Rank of #3. 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 system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. HEAR is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for HEAR's full-year earnings has moved 124.53% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, HEAR has gained about 1,466.22% so far this year. In comparison, Computer and Technology companies have returned an average of 10.45%. As we can see, Turtle Beach is performing better than its sector in the calendar year.
To break things down more, HEAR belongs to the Communication - Components industry, a group that includes 24 individual companies and currently sits at #63 in the Zacks Industry Rank. On average, this group has gained an average of 8.50% so far this year, meaning that HEAR is performing better in terms of year-to-date returns.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to HEAR as it looks to continue its solid performance.
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Is Turtle Beach (HEAR) Outperforming Other Computer and Technology Stocks This Year?
The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Turtle Beach (HEAR - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.
Turtle Beach is a member of the Computer and Technology sector. This group includes 626 individual stocks and currently holds a Zacks Sector Rank of #3. 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 system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. HEAR is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for HEAR's full-year earnings has moved 124.53% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, HEAR has gained about 1,466.22% so far this year. In comparison, Computer and Technology companies have returned an average of 10.45%. As we can see, Turtle Beach is performing better than its sector in the calendar year.
To break things down more, HEAR belongs to the Communication - Components industry, a group that includes 24 individual companies and currently sits at #63 in the Zacks Industry Rank. On average, this group has gained an average of 8.50% so far this year, meaning that HEAR is performing better in terms of year-to-date returns.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to HEAR as it looks to continue its solid performance.