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Is COUPA SOFTWARE (COUP) Outperforming Other Computer and Technology Stocks This Year?

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Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Has COUPA SOFTWARE 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.

COUPA SOFTWARE is one of 655 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. COUP is currently sporting a Zacks Rank of #2 (Buy).

Over the past three months, the Zacks Consensus Estimate for COUP's full-year earnings has moved 16.79% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Our latest available data shows that COUP has returned about 100.71% since the start of the calendar year. Meanwhile, the Computer and Technology sector has returned an average of -3.65% on a year-to-date basis. As we can see, COUPA SOFTWARE is performing better than its sector in the calendar year.

Breaking things down more, COUP is a member of the Internet - Software industry, which includes 89 individual companies and currently sits at #25 in the Zacks Industry Rank. This group has gained an average of 5.44% so far this year, so COUP is performing better in this area.

COUP 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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