Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Has Alphabet (GOOG - 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.
Alphabet is a member of our Computer and Technology group, which includes 630 different companies and currently sits at #15 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. GOOG is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for GOOG's full-year earnings has moved 30.34% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, GOOG has returned 49.86% so far this year. Meanwhile, the Computer and Technology sector has returned an average of 19.66% on a year-to-date basis. This shows that Alphabet is outperforming its peers so far this year.
Breaking things down more, GOOG is a member of the Internet - Services industry, which includes 48 individual companies and currently sits at #204 in the Zacks Industry Rank. This group has gained an average of 34.49% so far this year, so GOOG is performing better in this area.
GOOG 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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Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Has Alphabet (GOOG - 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.
Alphabet is a member of our Computer and Technology group, which includes 630 different companies and currently sits at #15 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. GOOG is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for GOOG's full-year earnings has moved 30.34% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, GOOG has returned 49.86% so far this year. Meanwhile, the Computer and Technology sector has returned an average of 19.66% on a year-to-date basis. This shows that Alphabet is outperforming its peers so far this year.
Breaking things down more, GOOG is a member of the Internet - Services industry, which includes 48 individual companies and currently sits at #204 in the Zacks Industry Rank. This group has gained an average of 34.49% so far this year, so GOOG is performing better in this area.
GOOG 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.
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 228 positions with double- and triple-digit gains in 2023 alone.
See Stocks Now >>
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