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Is Snap (SNAP) Stock Outpacing Its Computer and Technology Peers This Year?
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Investors focused on the Computer and Technology space have likely heard of Snap (SNAP - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? 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.
Snap is one of 647 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #2 in the Zacks Sector Rank. 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 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. SNAP is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for SNAP's full-year earnings has moved 4.84% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, SNAP has gained about 7.62% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 4.33% on average. This means that Snap is outperforming the sector as a whole this year.
Looking more specifically, SNAP belongs to the Internet - Software industry, which includes 83 individual stocks and currently sits at #22 in the Zacks Industry Rank. This group has gained an average of 9.44% so far this year, so SNAP is slightly underperforming its industry in this area.
Investors with an interest in Computer and Technology stocks should continue to track SNAP. The stock will be looking to continue its solid performance.
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Is Snap (SNAP) Stock Outpacing Its Computer and Technology Peers This Year?
Investors focused on the Computer and Technology space have likely heard of Snap (SNAP - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? 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.
Snap is one of 647 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #2 in the Zacks Sector Rank. 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 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. SNAP is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for SNAP's full-year earnings has moved 4.84% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, SNAP has gained about 7.62% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 4.33% on average. This means that Snap is outperforming the sector as a whole this year.
Looking more specifically, SNAP belongs to the Internet - Software industry, which includes 83 individual stocks and currently sits at #22 in the Zacks Industry Rank. This group has gained an average of 9.44% so far this year, so SNAP is slightly underperforming its industry in this area.
Investors with an interest in Computer and Technology stocks should continue to track SNAP. The stock will be looking to continue its solid performance.