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 Alteryx 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.
Alteryx is a member of the Computer and Technology sector. This group includes 647 individual stocks and currently holds a Zacks Sector Rank of #3. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. AYX is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for AYX's full-year earnings has moved 23.26% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, AYX has returned 9.27% so far this year. At the same time, Computer and Technology stocks have gained an average of 2.50%. As we can see, Alteryx is performing better than its sector in the calendar year.
To break things down more, AYX belongs to the Internet - Software industry, a group that includes 83 individual companies and currently sits at #36 in the Zacks Industry Rank. This group has gained an average of 6.81% so far this year, so AYX is performing better in this area.
AYX 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 Alteryx (AYX) 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 Alteryx 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.
Alteryx is a member of the Computer and Technology sector. This group includes 647 individual stocks and currently holds a Zacks Sector Rank of #3. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. AYX is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for AYX's full-year earnings has moved 23.26% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, AYX has returned 9.27% so far this year. At the same time, Computer and Technology stocks have gained an average of 2.50%. As we can see, Alteryx is performing better than its sector in the calendar year.
To break things down more, AYX belongs to the Internet - Software industry, a group that includes 83 individual companies and currently sits at #36 in the Zacks Industry Rank. This group has gained an average of 6.81% so far this year, so AYX is performing better in this area.
AYX 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.