Investors focused on the Computer and Technology space have likely heard of Facebook , 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.
Facebook is a member of our Computer and Technology group, which includes 644 different companies and currently sits at #5 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. FB is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for FB's full-year earnings has moved 2.51% 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, FB has returned 24.01% so far this year. In comparison, Computer and Technology companies have returned an average of 12.47%. As we can see, Facebook is performing better than its sector in the calendar year.
Looking more specifically, FB belongs to the Internet - Services industry, which includes 50 individual stocks and currently sits at #101 in the Zacks Industry Rank. On average, this group has gained an average of 11.20% so far this year, meaning that FB is performing better in terms of year-to-date returns.
FB 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 Facebook (FB) Outperforming Other Computer and Technology Stocks This Year?
Investors focused on the Computer and Technology space have likely heard of Facebook , 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.
Facebook is a member of our Computer and Technology group, which includes 644 different companies and currently sits at #5 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. FB is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for FB's full-year earnings has moved 2.51% 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, FB has returned 24.01% so far this year. In comparison, Computer and Technology companies have returned an average of 12.47%. As we can see, Facebook is performing better than its sector in the calendar year.
Looking more specifically, FB belongs to the Internet - Services industry, which includes 50 individual stocks and currently sits at #101 in the Zacks Industry Rank. On average, this group has gained an average of 11.20% so far this year, meaning that FB is performing better in terms of year-to-date returns.
FB 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.