Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. GrubHub 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 626 companies in the Computer and Technology group. The Computer and Technology group currently sits at #3 within the Zacks Sector Rank. 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. GRUB is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for GRUB's full-year earnings has moved 13.98% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that GRUB has returned about 88.50% since the start of the calendar year. Meanwhile, the Computer and Technology sector has returned an average of 10.45% on a year-to-date basis. This means that GrubHub is performing better than its sector in terms of year-to-date returns.
Breaking things down more, GRUB is a member of the Internet - Delivery Services industry, which includes 10 individual companies and currently sits at #202 in the Zacks Industry Rank. Stocks in this group have gained about 24.05% so far this year, so GRUB is performing better this group in terms of year-to-date returns.
GRUB 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.