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Is The Trade Desk (TTD) Outperforming Other Computer and Technology Stocks This Year?
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Investors focused on the Computer and Technology space have likely heard of The Trade Desk (TTD - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of TTD and the rest of the Computer and Technology group's stocks.
The Trade Desk is one of 637 companies in the Computer and Technology group. The Computer and Technology group currently sits at #6 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 is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. TTD is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for TTD's full-year earnings has moved 1.83% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, TTD has moved about 71.38% on a year-to-date basis. Meanwhile, stocks in the Computer and Technology group have gained about 16.92% on average. This means that The Trade Desk is outperforming the sector as a whole this year.
Breaking things down more, TTD is a member of the Internet - Services industry, which includes 50 individual companies and currently sits at #100 in the Zacks Industry Rank. On average, stocks in this group have gained 16.66% this year, meaning that TTD is performing better in terms of year-to-date returns.
Investors in the Computer and Technology sector will want to keep a close eye on TTD as it attempts to continue its solid performance.
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Is The Trade Desk (TTD) Outperforming Other Computer and Technology Stocks This Year?
Investors focused on the Computer and Technology space have likely heard of The Trade Desk (TTD - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of TTD and the rest of the Computer and Technology group's stocks.
The Trade Desk is one of 637 companies in the Computer and Technology group. The Computer and Technology group currently sits at #6 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 is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. TTD is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for TTD's full-year earnings has moved 1.83% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, TTD has moved about 71.38% on a year-to-date basis. Meanwhile, stocks in the Computer and Technology group have gained about 16.92% on average. This means that The Trade Desk is outperforming the sector as a whole this year.
Breaking things down more, TTD is a member of the Internet - Services industry, which includes 50 individual companies and currently sits at #100 in the Zacks Industry Rank. On average, stocks in this group have gained 16.66% this year, meaning that TTD is performing better in terms of year-to-date returns.
Investors in the Computer and Technology sector will want to keep a close eye on TTD as it attempts to continue its solid performance.