Investors focused on the Computer and Technology space have likely heard of Twitter , 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 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 594 individual stocks and currently holds a Zacks Sector Rank of #5. 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 25.63% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, TWTR has gained about 44.73% so far this year. At the same time, Computer and Technology stocks have gained an average of 2.47%. This shows that Twitter is outperforming its peers so far this year.
To break things down more, TWTR belongs to the Internet - Software industry, a group that includes 75 individual companies and currently sits at #49 in the Zacks Industry Rank. This group has gained an average of 8.25% so far this year, so TWTR is performing better in this area.
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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Is Twitter (TWTR) Outperforming Other Computer and Technology Stocks This Year?
Investors focused on the Computer and Technology space have likely heard of Twitter , 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 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 594 individual stocks and currently holds a Zacks Sector Rank of #5. 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 25.63% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, TWTR has gained about 44.73% so far this year. At the same time, Computer and Technology stocks have gained an average of 2.47%. This shows that Twitter is outperforming its peers so far this year.
To break things down more, TWTR belongs to the Internet - Software industry, a group that includes 75 individual companies and currently sits at #49 in the Zacks Industry Rank. This group has gained an average of 8.25% so far this year, so TWTR is performing better in this area.
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.