Investors focused on the Computer and Technology space have likely heard of Twitter , but is the stock performing well in comparison to the rest of its sector peers? 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.
Twitter is a member of the Computer and Technology sector. This group includes 647 individual stocks and currently holds a Zacks Sector Rank of #2. 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 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. TWTR is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for TWTR's full-year earnings has moved 13.14% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, TWTR has returned 7.76% so far this year. In comparison, Computer and Technology companies have returned an average of 4.81%. This shows that Twitter is outperforming its peers so far this year.
Looking more specifically, TWTR belongs to the Internet - Software industry, which includes 83 individual stocks and currently sits at #26 in the Zacks Industry Rank. On average, stocks in this group have gained 9.77% this year, meaning that TWTR is slightly underperforming its industry in terms of year-to-date returns.
Investors in the Computer and Technology sector will want to keep a close eye on TWTR as it attempts to continue its solid performance.
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Is Twitter (TWTR) Outperforming Other Computer and Technology Stocks This Year?
Investors focused on the Computer and Technology space have likely heard of Twitter , but is the stock performing well in comparison to the rest of its sector peers? 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.
Twitter is a member of the Computer and Technology sector. This group includes 647 individual stocks and currently holds a Zacks Sector Rank of #2. 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 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. TWTR is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for TWTR's full-year earnings has moved 13.14% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, TWTR has returned 7.76% so far this year. In comparison, Computer and Technology companies have returned an average of 4.81%. This shows that Twitter is outperforming its peers so far this year.
Looking more specifically, TWTR belongs to the Internet - Software industry, which includes 83 individual stocks and currently sits at #26 in the Zacks Industry Rank. On average, stocks in this group have gained 9.77% this year, meaning that TWTR is slightly underperforming its industry in terms of year-to-date returns.
Investors in the Computer and Technology sector will want to keep a close eye on TWTR as it attempts to continue its solid performance.