Investors focused on the Computer and Technology space have likely heard of Etsy (ETSY - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of ETSY and the rest of the Computer and Technology group's stocks.
Etsy is a member of our Computer and Technology group, which includes 631 different companies and currently sits at #4 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. ETSY is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for ETSY's full-year earnings has moved 22.63% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, ETSY has gained about 48.70% so far this year. Meanwhile, the Computer and Technology sector has returned an average of 4.83% on a year-to-date basis. This means that Etsy is outperforming the sector as a whole this year.
Breaking things down more, ETSY is a member of the Internet - Services industry, which includes 43 individual companies and currently sits at #80 in the Zacks Industry Rank. On average, this group has lost an average of 6.93% so far this year, meaning that ETSY 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 ETSY as it looks to continue its solid performance.