Has Digital Turbine (APPS) Outpaced Other Computer and Technology Stocks This Year?
Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Has Digital Turbine (APPS) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Digital Turbine is one of 641 companies in the Computer and Technology group. The Computer and Technology group currently sits at #4 within 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 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. APPS is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for APPS's full-year earnings has moved 62.50% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, APPS has gained about 91.26% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 21.38% on average. As we can see, Digital Turbine is performing better than its sector in the calendar year.
Breaking things down more, APPS is a member of the Internet - Software industry, which includes 84 individual companies and currently sits at #48 in the Zacks Industry Rank. On average, this group has gained an average of 28.77% so far this year, meaning that APPS is performing better in terms of year-to-date returns.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to APPS as it looks to continue its solid performance.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.