Investors focused on the Computer and Technology space have likely heard of T-Mobile US (TMUS), 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.
T-Mobile US is a member of our Computer and Technology group, which includes 637 different companies and currently sits at #6 in 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 is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. TMUS is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for TMUS's full-year earnings has moved 2.92% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that TMUS has returned about 18.50% since the start of the calendar year. In comparison, Computer and Technology companies have returned an average of 16.19%. This means that T-Mobile US is performing better than its sector in terms of year-to-date returns.
To break things down more, TMUS belongs to the Wireless National industry, a group that includes 17 individual companies and currently sits at #64 in the Zacks Industry Rank. Stocks in this group have gained about 9.81% so far this year, so TMUS is performing better this group in terms of year-to-date returns.
Investors in the Computer and Technology sector will want to keep a close eye on TMUS as it attempts to continue its solid performance.
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