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Is Twilio (TWLO) Stock Outpacing Its Computer and Technology Peers This Year?
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The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Twilio (TWLO - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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.
Twilio is one of 607 companies in the Computer and Technology group. The Computer and Technology group currently sits at #8 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 proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Twilio is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for TWLO's full-year earnings has moved 18.7% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, TWLO has returned 2.9% so far this year. At the same time, Computer and Technology stocks have lost an average of 4.4%. This shows that Twilio is outperforming its peers so far this year.
Clearfield (CLFD - Free Report) is another Computer and Technology stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 17.3%.
Over the past three months, Clearfield's consensus EPS estimate for the current year has increased 89.7%. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Twilio belongs to the Internet - Software industry, a group that includes 167 individual stocks and currently sits at #87 in the Zacks Industry Rank. On average, this group has gained an average of 5% so far this year, meaning that TWLO is slightly underperforming its industry in terms of year-to-date returns.
Clearfield, however, belongs to the Wireless Equipment industry. Currently, this 12-stock industry is ranked #15. The industry has moved +3.4% so far this year.
Investors with an interest in Computer and Technology stocks should continue to track Twilio and Clearfield. These stocks will be looking to continue their solid performance.
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Is Twilio (TWLO) Stock Outpacing Its Computer and Technology Peers This Year?
The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Twilio (TWLO - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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.
Twilio is one of 607 companies in the Computer and Technology group. The Computer and Technology group currently sits at #8 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 proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Twilio is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for TWLO's full-year earnings has moved 18.7% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, TWLO has returned 2.9% so far this year. At the same time, Computer and Technology stocks have lost an average of 4.4%. This shows that Twilio is outperforming its peers so far this year.
Clearfield (CLFD - Free Report) is another Computer and Technology stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 17.3%.
Over the past three months, Clearfield's consensus EPS estimate for the current year has increased 89.7%. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Twilio belongs to the Internet - Software industry, a group that includes 167 individual stocks and currently sits at #87 in the Zacks Industry Rank. On average, this group has gained an average of 5% so far this year, meaning that TWLO is slightly underperforming its industry in terms of year-to-date returns.
Clearfield, however, belongs to the Wireless Equipment industry. Currently, this 12-stock industry is ranked #15. The industry has moved +3.4% so far this year.
Investors with an interest in Computer and Technology stocks should continue to track Twilio and Clearfield. These stocks will be looking to continue their solid performance.