Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. GrubHub (GRUB - 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 GRUB and the rest of the Computer and Technology group's stocks.
GrubHub is one of 627 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #3 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 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. GRUB is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for GRUB's full-year earnings has moved 15.89% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, GRUB has returned 75.60% so far this year. In comparison, Computer and Technology companies have returned an average of 10.11%. This shows that GrubHub is outperforming its peers so far this year.
Looking more specifically, GRUB belongs to the Internet - Delivery Services industry, which includes 10 individual stocks and currently sits at #181 in the Zacks Industry Rank. On average, stocks in this group have gained 27.76% this year, meaning that GRUB 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 GRUB as it looks to continue its solid performance.