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Has Square (SQ) Outpaced Other Computer and Technology Stocks This Year?

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For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Square (SQ - Free Report) one of those stocks right now? 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.

Square is one of 635 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 considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

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. SQ is currently sporting a Zacks Rank of #2 (Buy).

Over the past 90 days, the Zacks Consensus Estimate for SQ's full-year earnings has moved 28% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Based on the most recent data, SQ has returned 36.54% so far this year. Meanwhile, the Computer and Technology sector has returned an average of 1.90% on a year-to-date basis. This means that Square is performing better than its sector in terms of year-to-date returns.

Breaking things down more, SQ is a member of the Internet - Software industry, which includes 72 individual companies and currently sits at #92 in the Zacks Industry Rank. Stocks in this group have gained about 9.99% so far this year, so SQ 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 SQ as it attempts to continue its solid performance.


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