The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Etsy (ETSY - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Etsy is a member of the Computer and Technology sector. This group includes 627 individual stocks and currently holds a Zacks Sector Rank of #3. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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 10.67% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, ETSY has moved about 114.38% on a year-to-date basis. Meanwhile, stocks in the Computer and Technology group have gained about 10.86% on average. This means that Etsy is performing better than its sector in terms of year-to-date returns.
To break things down more, ETSY belongs to the Internet - Services industry, a group that includes 43 individual companies and currently sits at #166 in the Zacks Industry Rank. Stocks in this group have lost about 1.54% so far this year, so ETSY is performing better this group in terms of year-to-date returns.
ETSY 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.