Markets

Is Twitter (TWTR) Stock Outpacing Its Computer and Technology Peers This Year?

Investors focused on the Computer and Technology space have likely heard of Twitter ( TWTR ), but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of TWTR and the rest of the Computer and Technology group's stocks.

Twitter is one of 655 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #4 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. TWTR is currently sporting a Zacks Rank of #1 (Strong Buy).

Within the past quarter, the Zacks Consensus Estimate for TWTR's full-year earnings has moved 30.31% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Our latest available data shows that TWTR has returned about 21.99% since the start of the calendar year. Meanwhile, stocks in the Computer and Technology group have lost about 6.65% on average. This means that Twitter is performing better than its sector in terms of year-to-date returns.

Looking more specifically, TWTR belongs to the Internet - Software industry, which includes 89 individual stocks and currently sits at #28 in the Zacks Industry Rank. On average, this group has gained an average of 1.01% so far this year, meaning that TWTR 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 TWTR 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.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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