Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Is MeetMe 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.
MeetMe is one of 642 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #8 in 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. MEET is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for MEET's full-year earnings has moved 26.92% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, MEET has returned 19.01% so far this year. Meanwhile, the Computer and Technology sector has returned an average of 17.14% on a year-to-date basis. This shows that MeetMe is outperforming its peers so far this year.
Breaking things down more, MEET is a member of the Internet - Software industry, which includes 83 individual companies and currently sits at #60 in the Zacks Industry Rank. Stocks in this group have gained about 28.22% so far this year, so MEET is slightly underperforming its industry this group in terms of year-to-date returns.
MEET 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 MeetMe (MEET) Outperforming Other Computer and Technology Stocks This Year?
Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Is MeetMe 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.
MeetMe is one of 642 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #8 in 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. MEET is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for MEET's full-year earnings has moved 26.92% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, MEET has returned 19.01% so far this year. Meanwhile, the Computer and Technology sector has returned an average of 17.14% on a year-to-date basis. This shows that MeetMe is outperforming its peers so far this year.
Breaking things down more, MEET is a member of the Internet - Software industry, which includes 83 individual companies and currently sits at #60 in the Zacks Industry Rank. Stocks in this group have gained about 28.22% so far this year, so MEET is slightly underperforming its industry this group in terms of year-to-date returns.
MEET 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.