Is Match Group (MTCH) Stock Outpacing Its Computer and Technology Peers This Year?
The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Match Group (MTCH) been one of those stocks this year? 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.
Match Group is one of 629 companies in the Computer and Technology group. The Computer and Technology group currently sits at #7 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 is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. MTCH is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for MTCH's full-year earnings has moved 0.71% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, MTCH has gained about 60.79% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 27.21% on average. This shows that Match Group is outperforming its peers so far this year.
Looking more specifically, MTCH belongs to the Internet - Services industry, a group that includes 54 individual stocks and currently sits at #171 in the Zacks Industry Rank. Stocks in this group have gained about 7.10% so far this year, so MTCH is performing better this group in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track MTCH. The stock will be looking to continue its solid performance.
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