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Is Digital Turbine (APPS) Stock Outpacing Its Computer and Technology Peers This Year?
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Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Digital Turbine (APPS - 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? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.
Digital Turbine is a member of our Computer and Technology group, which includes 614 different companies and currently sits at #2 in 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 proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Digital Turbine is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for APPS' full-year earnings has moved 38.7% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, APPS has returned 185.4% so far this year. At the same time, Computer and Technology stocks have gained an average of 16.8%. This shows that Digital Turbine is outperforming its peers so far this year.
Advantest Corp. (ATEYY - 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 64.2%.
For Advantest Corp., the consensus EPS estimate for the current year has increased 6.7% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Digital Turbine is a member of the Internet - Software industry, which includes 174 individual companies and currently sits at #107 in the Zacks Industry Rank. On average, stocks in this group have lost 5.8% this year, meaning that APPS is performing better in terms of year-to-date returns.
Advantest Corp., however, belongs to the Electronics - Measuring Instruments industry. Currently, this 5-stock industry is ranked #19. The industry has moved +66% so far this year.
Investors with an interest in Computer and Technology stocks should continue to track Digital Turbine and Advantest Corp.. These stocks will be looking to continue their solid performance.
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Is Digital Turbine (APPS) Stock Outpacing Its Computer and Technology Peers This Year?
Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Digital Turbine (APPS - 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? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.
Digital Turbine is a member of our Computer and Technology group, which includes 614 different companies and currently sits at #2 in 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 proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Digital Turbine is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for APPS' full-year earnings has moved 38.7% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, APPS has returned 185.4% so far this year. At the same time, Computer and Technology stocks have gained an average of 16.8%. This shows that Digital Turbine is outperforming its peers so far this year.
Advantest Corp. (ATEYY - 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 64.2%.
For Advantest Corp., the consensus EPS estimate for the current year has increased 6.7% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Digital Turbine is a member of the Internet - Software industry, which includes 174 individual companies and currently sits at #107 in the Zacks Industry Rank. On average, stocks in this group have lost 5.8% this year, meaning that APPS is performing better in terms of year-to-date returns.
Advantest Corp., however, belongs to the Electronics - Measuring Instruments industry. Currently, this 5-stock industry is ranked #19. The industry has moved +66% so far this year.
Investors with an interest in Computer and Technology stocks should continue to track Digital Turbine and Advantest Corp.. These stocks will be looking to continue their solid performance.