Investors focused on the Computer and Technology space have likely heard of Zuora (ZUO), 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.
Zuora is one of 638 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #6 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. ZUO is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for ZUO's full-year earnings has moved 1.79% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, ZUO has gained about 22.60% so far this year. In comparison, Computer and Technology companies have returned an average of 18.20%. As we can see, Zuora is performing better than its sector in the calendar year.
Breaking things down more, ZUO is a member of the Internet - Software industry, which includes 83 individual companies and currently sits at #96 in the Zacks Industry Rank. On average, this group has gained an average of 28.85% so far this year, meaning that ZUO is slightly underperforming its industry in terms of year-to-date returns.
ZUO 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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