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Is Intuit (INTU) Stock Outpacing Its Computer and Technology Peers This Year?
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Investors focused on the Computer and Technology space have likely heard of Intuit (INTU - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.
Intuit is one of 641 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #6 in the Zacks Sector Rank. 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 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 outlooks. INTU is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for INTU's full-year earnings has moved 0.62% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, INTU has returned 27.54% so far this year. Meanwhile, the Computer and Technology sector has returned an average of 23.04% on a year-to-date basis. As we can see, Intuit is performing better than its sector in the calendar year.
Looking more specifically, INTU belongs to the Computer - Software industry, a group that includes 48 individual stocks and currently sits at #27 in the Zacks Industry Rank. On average, this group has gained an average of 28.34% so far this year, meaning that INTU 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 INTU as it attempts to continue its solid performance.
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Is Intuit (INTU) Stock Outpacing Its Computer and Technology Peers This Year?
Investors focused on the Computer and Technology space have likely heard of Intuit (INTU - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.
Intuit is one of 641 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #6 in the Zacks Sector Rank. 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 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 outlooks. INTU is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for INTU's full-year earnings has moved 0.62% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, INTU has returned 27.54% so far this year. Meanwhile, the Computer and Technology sector has returned an average of 23.04% on a year-to-date basis. As we can see, Intuit is performing better than its sector in the calendar year.
Looking more specifically, INTU belongs to the Computer - Software industry, a group that includes 48 individual stocks and currently sits at #27 in the Zacks Industry Rank. On average, this group has gained an average of 28.34% so far this year, meaning that INTU 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 INTU as it attempts to continue its solid performance.