Investors focused on the Computer and Technology space have likely heard of Apptio (APTI - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.
Apptio is a member of our Computer and Technology group, which includes 627 different companies and currently sits at #4 in the Zacks Sector Rank. 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 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. APTI is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for APTI's full-year earnings has moved 24.53% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, APTI has gained about 53.57% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 11.14% on average. This means that Apptio is outperforming the sector as a whole this year.
To break things down more, APTI belongs to the Internet - Software industry, a group that includes 70 individual companies and currently sits at #118 in the Zacks Industry Rank. This group has gained an average of 20.93% so far this year, so APTI is performing better in this area.
Investors in the Computer and Technology sector will want to keep a close eye on APTI as it attempts to continue its solid performance.