Credit: Shutterstock photoInvestors focused on the Computer and Technology space have likely heard of Twilio (TWLO), 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.
Twilio is a member of the Computer and Technology sector. This group includes 646 individual stocks and currently holds a Zacks Sector Rank of #3. 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. TWLO is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for TWLO's full-year earnings has moved 3.25% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that TWLO has returned about 27.54% since the start of the calendar year. In comparison, Computer and Technology companies have returned an average of 11.32%. This means that Twilio is performing better than its sector in terms of year-to-date returns.
Looking more specifically, TWLO belongs to the Internet - Software industry, which includes 84 individual stocks and currently sits at #37 in the Zacks Industry Rank. Stocks in this group have gained about 17.76% so far this year, so TWLO is performing better this group in terms of year-to-date returns.
TWLO 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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Twilio Inc. (TWLO): Free Stock Analysis Report
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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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
