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Is Turtle Beach (HEAR) Outperforming Other Computer and Technology Stocks This Year?
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Investors focused on the Computer and Technology space have likely heard of Turtle Beach (HEAR - Free Report) , 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 HEAR and the rest of the Computer and Technology group's stocks.
Turtle Beach is one of 627 companies in the Computer and Technology group. The Computer and Technology group currently sits at #3 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. HEAR is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for HEAR's full-year earnings has moved 172.97% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, HEAR has gained about 1,301.21% so far this year. At the same time, Computer and Technology stocks have gained an average of 10.37%. As we can see, Turtle Beach is performing better than its sector in the calendar year.
To break things down more, HEAR belongs to the Communication - Components industry, a group that includes 24 individual companies and currently sits at #44 in the Zacks Industry Rank. This group has gained an average of 4.10% so far this year, so HEAR is performing better in this area.
Investors with an interest in Computer and Technology stocks should continue to track HEAR. The stock will be looking to continue its solid performance.
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Is Turtle Beach (HEAR) Outperforming Other Computer and Technology Stocks This Year?
Investors focused on the Computer and Technology space have likely heard of Turtle Beach (HEAR - Free Report) , 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 HEAR and the rest of the Computer and Technology group's stocks.
Turtle Beach is one of 627 companies in the Computer and Technology group. The Computer and Technology group currently sits at #3 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. HEAR is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for HEAR's full-year earnings has moved 172.97% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, HEAR has gained about 1,301.21% so far this year. At the same time, Computer and Technology stocks have gained an average of 10.37%. As we can see, Turtle Beach is performing better than its sector in the calendar year.
To break things down more, HEAR belongs to the Communication - Components industry, a group that includes 24 individual companies and currently sits at #44 in the Zacks Industry Rank. This group has gained an average of 4.10% so far this year, so HEAR is performing better in this area.
Investors with an interest in Computer and Technology stocks should continue to track HEAR. The stock will be looking to continue its solid performance.