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Is Digital Turbine (APPS) Stock Outpacing Its Computer and Technology Peers This Year?
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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. Has Digital Turbine (APPS - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Digital Turbine is one of 642 companies in the Computer and Technology group. The Computer and Technology group currently sits at #8 within the Zacks Sector Rank. 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 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. APPS is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for APPS's full-year earnings has moved 350% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that APPS has returned about 75.96% since the start of the calendar year. At the same time, Computer and Technology stocks have gained an average of 17.14%. This shows that Digital Turbine is outperforming its peers so far this year.
Looking more specifically, APPS belongs to the Internet - Software industry, which includes 83 individual stocks and currently sits at #60 in the Zacks Industry Rank. Stocks in this group have gained about 28.22% so far this year, so APPS is performing better this group in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track APPS. The stock will be looking to continue its solid performance.
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Is Digital Turbine (APPS) 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. Has Digital Turbine (APPS - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Digital Turbine is one of 642 companies in the Computer and Technology group. The Computer and Technology group currently sits at #8 within the Zacks Sector Rank. 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 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. APPS is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for APPS's full-year earnings has moved 350% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that APPS has returned about 75.96% since the start of the calendar year. At the same time, Computer and Technology stocks have gained an average of 17.14%. This shows that Digital Turbine is outperforming its peers so far this year.
Looking more specifically, APPS belongs to the Internet - Software industry, which includes 83 individual stocks and currently sits at #60 in the Zacks Industry Rank. Stocks in this group have gained about 28.22% so far this year, so APPS is performing better this group in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track APPS. The stock will be looking to continue its solid performance.