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Has Etsy (ETSY) Outpaced Other Computer and Technology Stocks This Year?
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Investors focused on the Computer and Technology space have likely heard of Etsy (ETSY - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? 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.
Etsy is one of 632 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #7 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. ETSY is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for ETSY's full-year earnings has moved 34.75% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, ETSY has returned 46.65% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 5.08% on average. This shows that Etsy is outperforming its peers so far this year.
To break things down more, ETSY belongs to the Internet - Services industry, a group that includes 43 individual companies and currently sits at #172 in the Zacks Industry Rank. This group has lost an average of 4.45% so far this year, so ETSY is performing better in this area.
Investors in the Computer and Technology sector will want to keep a close eye on ETSY as it attempts to continue its solid performance.
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Has Etsy (ETSY) Outpaced Other Computer and Technology Stocks This Year?
Investors focused on the Computer and Technology space have likely heard of Etsy (ETSY - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? 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.
Etsy is one of 632 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #7 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. ETSY is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for ETSY's full-year earnings has moved 34.75% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, ETSY has returned 46.65% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 5.08% on average. This shows that Etsy is outperforming its peers so far this year.
To break things down more, ETSY belongs to the Internet - Services industry, a group that includes 43 individual companies and currently sits at #172 in the Zacks Industry Rank. This group has lost an average of 4.45% so far this year, so ETSY is performing better in this area.
Investors in the Computer and Technology sector will want to keep a close eye on ETSY as it attempts to continue its solid performance.