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Is Match Group (MTCH) Stock Outpacing Its Computer and Technology Peers This Year?
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Investors focused on the Computer and Technology space have likely heard of Match Group (MTCH - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? 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.
Match Group is one of 635 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #7 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. MTCH is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for MTCH's full-year earnings has moved 26.06% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that MTCH has returned about 67.76% since the start of the calendar year. Meanwhile, the Computer and Technology sector has returned an average of 18.26% on a year-to-date basis. As we can see, Match Group is performing better than its sector in the calendar year.
Looking more specifically, MTCH belongs to the Internet - Services industry, a group that includes 50 individual stocks and currently sits at #81 in the Zacks Industry Rank. On average, stocks in this group have gained 11.54% this year, meaning that MTCH 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 MTCH as it attempts to continue its solid performance.
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Is Match Group (MTCH) Stock Outpacing Its Computer and Technology Peers This Year?
Investors focused on the Computer and Technology space have likely heard of Match Group (MTCH - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? 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.
Match Group is one of 635 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #7 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. MTCH is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for MTCH's full-year earnings has moved 26.06% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that MTCH has returned about 67.76% since the start of the calendar year. Meanwhile, the Computer and Technology sector has returned an average of 18.26% on a year-to-date basis. As we can see, Match Group is performing better than its sector in the calendar year.
Looking more specifically, MTCH belongs to the Internet - Services industry, a group that includes 50 individual stocks and currently sits at #81 in the Zacks Industry Rank. On average, stocks in this group have gained 11.54% this year, meaning that MTCH 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 MTCH as it attempts to continue its solid performance.