Investors focused on the Computer and Technology space have likely heard of MeetMe , but is the stock performing well in comparison to the rest of its sector peers? 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 one of 641 companies in the Computer and Technology group. The Computer and Technology group currently sits at #5 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. MEET is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for MEET's full-year earnings has moved 20% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that MEET has returned about 22.46% since the start of the calendar year. In comparison, Computer and Technology companies have returned an average of 21.91%. As we can see, MeetMe is performing better than its sector in the calendar year.
Looking more specifically, MEET belongs to the Internet - Software industry, a group that includes 84 individual stocks and currently sits at #65 in the Zacks Industry Rank. On average, this group has gained an average of 28.68% so far this year, meaning that MEET is slightly underperforming its industry in terms of year-to-date returns.
MEET will likely be looking to continue its solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to the company.
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Is MeetMe (MEET) Stock Outpacing Its Computer and Technology Peers This Year?
Investors focused on the Computer and Technology space have likely heard of MeetMe , but is the stock performing well in comparison to the rest of its sector peers? 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 one of 641 companies in the Computer and Technology group. The Computer and Technology group currently sits at #5 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. MEET is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for MEET's full-year earnings has moved 20% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that MEET has returned about 22.46% since the start of the calendar year. In comparison, Computer and Technology companies have returned an average of 21.91%. As we can see, MeetMe is performing better than its sector in the calendar year.
Looking more specifically, MEET belongs to the Internet - Software industry, a group that includes 84 individual stocks and currently sits at #65 in the Zacks Industry Rank. On average, this group has gained an average of 28.68% so far this year, meaning that MEET is slightly underperforming its industry in terms of year-to-date returns.
MEET will likely be looking to continue its solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to the company.