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Has Twitter (TWTR) Outpaced Other Computer and Technology Stocks This Year?

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Investors focused on the Computer and Technology space have likely heard of Twitter , 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.

Twitter is a member of our Computer and Technology group, which includes 632 different companies and currently sits at #7 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. TWTR is currently sporting a Zacks Rank of #1 (Strong Buy).

Within the past quarter, the Zacks Consensus Estimate for TWTR's full-year earnings has moved 111.99% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Based on the latest available data, TWTR has gained about 35.90% so far this year. Meanwhile, the Computer and Technology sector has returned an average of 4.51% on a year-to-date basis. This means that Twitter is performing better than its sector in terms of year-to-date returns.

Looking more specifically, TWTR belongs to the Internet - Software industry, which includes 70 individual stocks and currently sits at #93 in the Zacks Industry Rank. On average, stocks in this group have gained 14.33% this year, meaning that TWTR is performing better in terms of year-to-date returns.

Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to TWTR as it looks to continue its solid performance.