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. Is Facebook 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.
Facebook is one of 637 companies in the Computer and Technology group. The Computer and Technology group currently sits at #7 within 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 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).
Over the past three months, the Zacks Consensus Estimate for FB's full-year earnings has moved 5.95% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, FB has gained about 40.60% so far this year. In comparison, Computer and Technology companies have returned an average of 14.75%. This shows that Facebook is outperforming its peers so far this year.
Looking more specifically, FB belongs to the Internet - Services industry, a group that includes 50 individual stocks and currently sits at #89 in the Zacks Industry Rank. This group has gained an average of 15.23% so far this year, so FB is performing better in this area.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to FB as it looks to continue its solid performance.
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Is Facebook (FB) 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. Is Facebook 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.
Facebook is one of 637 companies in the Computer and Technology group. The Computer and Technology group currently sits at #7 within 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 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).
Over the past three months, the Zacks Consensus Estimate for FB's full-year earnings has moved 5.95% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, FB has gained about 40.60% so far this year. In comparison, Computer and Technology companies have returned an average of 14.75%. This shows that Facebook is outperforming its peers so far this year.
Looking more specifically, FB belongs to the Internet - Services industry, a group that includes 50 individual stocks and currently sits at #89 in the Zacks Industry Rank. This group has gained an average of 15.23% so far this year, so FB is performing better in this area.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to FB as it looks to continue its solid performance.