Investors focused on the Computer and Technology space have likely heard of Turtle Beach (HEAR - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.
Turtle Beach is one of 594 companies in the Computer and Technology group. The Computer and Technology group currently sits at #5 within 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 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. HEAR is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for HEAR's full-year earnings has moved 134.98% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that HEAR has returned about 960.71% since the start of the calendar year. Meanwhile, the Computer and Technology sector has returned an average of 3.90% on a year-to-date basis. This shows that Turtle Beach is outperforming its peers so far this year.
Breaking things down more, HEAR is a member of the Communication - Components industry, which includes 22 individual companies and currently sits at #54 in the Zacks Industry Rank. On average, this group has lost an average of 0.69% so far this year, meaning that HEAR is performing better in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track HEAR. The stock will be looking to continue its solid performance.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Investors focused on the Computer and Technology space have likely heard of Turtle Beach (HEAR - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.
Turtle Beach is one of 594 companies in the Computer and Technology group. The Computer and Technology group currently sits at #5 within 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 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. HEAR is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for HEAR's full-year earnings has moved 134.98% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that HEAR has returned about 960.71% since the start of the calendar year. Meanwhile, the Computer and Technology sector has returned an average of 3.90% on a year-to-date basis. This shows that Turtle Beach is outperforming its peers so far this year.
Breaking things down more, HEAR is a member of the Communication - Components industry, which includes 22 individual companies and currently sits at #54 in the Zacks Industry Rank. On average, this group has lost an average of 0.69% so far this year, meaning that HEAR is performing better in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track HEAR. The stock will be looking to continue its solid performance.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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