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Is Weibo (WB) Outperforming 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 Weibo (WB - Free Report) one of those stocks right now? 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.

Weibo is a member of the Computer and Technology sector. This group includes 632 individual stocks and currently holds a Zacks Sector Rank of #7. 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 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. WB is currently sporting a Zacks Rank of #2 (Buy).

Over the past 90 days, the Zacks Consensus Estimate for WB's full-year earnings has moved 1.28% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

Our latest available data shows that WB has returned about 23.71% since the start of the calendar year. At the same time, Computer and Technology stocks have gained an average of 3.88%. This shows that Weibo is outperforming its peers so far this year.

Breaking things down more, WB is a member of the Internet - Content industry, which includes 21 individual companies and currently sits at #176 in the Zacks Industry Rank. Stocks in this group have gained about 6% so far this year, so WB is performing better this group in terms of year-to-date returns.

Investors with an interest in Computer and Technology stocks should continue to track WB. The stock will be looking to continue its solid performance.


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