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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 a member of our Computer and Technology group, which includes 635 different companies and currently sits at #4 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 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. MTCH is currently sporting a Zacks Rank of #2 (Buy).

Over the past three months, the Zacks Consensus Estimate for MTCH's full-year earnings has moved 20.08% higher. 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 46.95% since the start of the calendar year. At the same time, Computer and Technology stocks have gained an average of 2.57%. This means that Match Group is performing better than its sector in terms of year-to-date returns.

Looking more specifically, MTCH belongs to the Internet - Services industry, which includes 43 individual stocks and currently sits at #155 in the Zacks Industry Rank. Stocks in this group have lost about 8.81% so far this year, so MTCH is performing better this group 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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