Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Is MeetMe one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.
MeetMe is a member of the Computer and Technology sector. This group includes 648 individual stocks and currently holds a Zacks Sector Rank of #5. 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. MEET is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for MEET's full-year earnings has moved 37.50% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, MEET has gained about 31.32% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 10.42% on average. This means that MeetMe is outperforming the sector as a whole this year.
Breaking things down more, MEET is a member of the Internet - Software industry, which includes 84 individual companies and currently sits at #31 in the Zacks Industry Rank. Stocks in this group have gained about 17.34% so far this year, so MEET is performing better this group in terms of year-to-date returns.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to MEET as it looks to continue its solid performance.
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Is MeetMe (MEET) Stock Outpacing Its Computer and Technology Peers This Year?
Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Is MeetMe one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.
MeetMe is a member of the Computer and Technology sector. This group includes 648 individual stocks and currently holds a Zacks Sector Rank of #5. 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. MEET is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for MEET's full-year earnings has moved 37.50% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, MEET has gained about 31.32% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 10.42% on average. This means that MeetMe is outperforming the sector as a whole this year.
Breaking things down more, MEET is a member of the Internet - Software industry, which includes 84 individual companies and currently sits at #31 in the Zacks Industry Rank. Stocks in this group have gained about 17.34% so far this year, so MEET is performing better this group in terms of year-to-date returns.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to MEET as it looks to continue its solid performance.