Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Is Twitter (TWTR - 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.
Twitter is a member of the Computer and Technology sector. This group includes 630 individual stocks and currently holds a Zacks Sector Rank of #9. 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. TWTR is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for TWTR's full-year earnings has moved 99.28% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, TWTR has moved about 65.76% on a year-to-date basis. Meanwhile, stocks in the Computer and Technology group have gained about 9.08% on average. This means that Twitter is outperforming the sector as a whole this year.
Looking more specifically, TWTR belongs to the Internet - Software industry, a group that includes 70 individual stocks and currently sits at #91 in the Zacks Industry Rank. This group has gained an average of 21.75% so far this year, so TWTR is performing better in this area.
TWTR will likely be looking to continue its solid performance, so investors interested Computer and Technology stocks should continue to pay close attention to the company.