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Is Match Group (MTCH) Stock Outpacing Its Computer and Technology Peers This Year?
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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. Has Match Group (MTCH - Free Report) been one of those stocks this year? 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.
Match Group is one of 596 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #5 in 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 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. MTCH is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for MTCH's full-year earnings has moved 5.14% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, MTCH has gained about 72.92% so far this year. At the same time, Computer and Technology stocks have gained an average of 5.07%. This means that Match Group is outperforming the sector as a whole this year.
To break things down more, MTCH belongs to the Internet - Services industry, a group that includes 44 individual companies and currently sits at #89 in the Zacks Industry Rank. On average, this group has lost an average of 16.38% so far this year, meaning that MTCH is performing better in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track MTCH. The stock will be looking to continue its solid performance.
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Is Match Group (MTCH) 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. Has Match Group (MTCH - Free Report) been one of those stocks this year? 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.
Match Group is one of 596 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #5 in 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 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. MTCH is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for MTCH's full-year earnings has moved 5.14% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, MTCH has gained about 72.92% so far this year. At the same time, Computer and Technology stocks have gained an average of 5.07%. This means that Match Group is outperforming the sector as a whole this year.
To break things down more, MTCH belongs to the Internet - Services industry, a group that includes 44 individual companies and currently sits at #89 in the Zacks Industry Rank. On average, this group has lost an average of 16.38% so far this year, meaning that MTCH is performing better in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track MTCH. The stock will be looking to continue its solid performance.