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. Twitter is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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 a member of the Computer and Technology sector. This group includes 630 individual stocks and currently holds a Zacks Sector Rank of #9. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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 #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for TWTR's full-year earnings has moved 102.72% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, TWTR has gained about 88.42% so far this year. At the same time, Computer and Technology stocks have gained an average of 8.24%. 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 70 individual stocks and currently sits at #84 in the Zacks Industry Rank. On average, stocks in this group have gained 25.46% 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 Computer and Technology stocks should continue to pay close attention to the company.
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Has Twitter (TWTR) Outpaced Other Computer and Technology Stocks 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. Twitter is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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 a member of the Computer and Technology sector. This group includes 630 individual stocks and currently holds a Zacks Sector Rank of #9. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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 #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for TWTR's full-year earnings has moved 102.72% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, TWTR has gained about 88.42% so far this year. At the same time, Computer and Technology stocks have gained an average of 8.24%. 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 70 individual stocks and currently sits at #84 in the Zacks Industry Rank. On average, stocks in this group have gained 25.46% 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 Computer and Technology stocks should continue to pay close attention to the company.