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Is Snap (SNAP) Stock Outpacing Its Computer and Technology Peers This Year?
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The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Snap (SNAP - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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 645 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #5 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 #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for SNAP's full-year earnings has moved 12.39% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that SNAP has returned about 65.52% since the start of the calendar year. In comparison, Computer and Technology companies have returned an average of 12.12%. This means that Snap is outperforming the sector as a whole this year.
Breaking things down more, SNAP is a member of the Internet - Software industry, which includes 84 individual companies and currently sits at #33 in the Zacks Industry Rank. On average, this group has gained an average of 22.41% so far this year, meaning that SNAP is performing better in terms of year-to-date returns.
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?
The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Snap (SNAP - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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 645 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #5 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 #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for SNAP's full-year earnings has moved 12.39% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that SNAP has returned about 65.52% since the start of the calendar year. In comparison, Computer and Technology companies have returned an average of 12.12%. This means that Snap is outperforming the sector as a whole this year.
Breaking things down more, SNAP is a member of the Internet - Software industry, which includes 84 individual companies and currently sits at #33 in the Zacks Industry Rank. On average, this group has gained an average of 22.41% so far this year, meaning that SNAP is performing better in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track SNAP. The stock will be looking to continue its solid performance.