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. Is Twitter one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.
Twitter is a member of the Computer and Technology sector. This group includes 659 individual stocks and currently holds a Zacks Sector Rank of #6. 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. TWTR is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for TWTR's full-year earnings has moved 25.63% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, TWTR has moved about 40.23% on a year-to-date basis. Meanwhile, stocks in the Computer and Technology group have gained about 1.02% on average. This means that Twitter is outperforming the sector as a whole this year.
Looking more specifically, TWTR belongs to the Internet - Software industry, a group that includes 89 individual stocks and currently sits at #37 in the Zacks Industry Rank. Stocks in this group have gained about 8.31% so far this year, so TWTR is performing better this group in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track TWTR. The stock will be looking to continue its solid performance.
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Is Twitter (TWTR) 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. Is Twitter one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.
Twitter is a member of the Computer and Technology sector. This group includes 659 individual stocks and currently holds a Zacks Sector Rank of #6. 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. TWTR is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for TWTR's full-year earnings has moved 25.63% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, TWTR has moved about 40.23% on a year-to-date basis. Meanwhile, stocks in the Computer and Technology group have gained about 1.02% on average. This means that Twitter is outperforming the sector as a whole this year.
Looking more specifically, TWTR belongs to the Internet - Software industry, a group that includes 89 individual stocks and currently sits at #37 in the Zacks Industry Rank. Stocks in this group have gained about 8.31% so far this year, so TWTR is performing better this group in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track TWTR. The stock will be looking to continue its solid performance.