Investors focused on the Computer and Technology space have likely heard of Amber Road (AMBR - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? 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.
Amber Road 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 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 model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. AMBR is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for AMBR's full-year earnings has moved 3.66% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, AMBR has gained about 20.16% so far this year. Meanwhile, the Computer and Technology sector has returned an average of 10.40% on a year-to-date basis. This means that Amber Road is outperforming the sector as a whole this year.
Breaking things down more, AMBR is a member of the Internet - Software industry, which includes 70 individual companies and currently sits at #109 in the Zacks Industry Rank. This group has gained an average of 22.46% so far this year, so AMBR is slightly underperforming its industry in this area.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to AMBR as it looks to continue its solid performance.