Is Twitter (TWTR) Stock Outpacing Its Computer and Technology Peers This Year?
For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Twitter (TWTR) one of those stocks right now? 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.
Twitter is a member of our Computer and Technology group, which includes 640 different companies and currently sits 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 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. TWTR is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for TWTR's full-year earnings has moved 1.17% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, TWTR has gained about 33.89% so far this year. In comparison, Computer and Technology companies have returned an average of 24.20%. 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 84 individual stocks and currently sits at #26 in the Zacks Industry Rank. On average, this group has gained an average of 29.64% so far this year, meaning that TWTR is performing better in terms of year-to-date returns.
TWTR 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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