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. Twitter (TWTR - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of TWTR and the rest of the Computer and Technology group's stocks.
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 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 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).
Over the past three months, the Zacks Consensus Estimate for TWTR's full-year earnings has moved 102.72% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, TWTR has gained about 88.42% so far this year. At the same time, Computer and Technology stocks have gained an average of 8.24%. 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 #84 in the Zacks Industry Rank. On average, stocks in this group have gained 25.46% this year, meaning that TWTR is performing better in terms of year-to-date returns.
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.