The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. The Trade Desk (TTD - 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 TTD and the rest of the Computer and Technology group's stocks.
The Trade Desk is a member of the Computer and Technology sector. This group includes 625 individual stocks and currently holds a Zacks Sector Rank of #2. 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 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. TTD is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for TTD's full-year earnings has moved 1.65% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, TTD has moved about 207.85% on a year-to-date basis. At the same time, Computer and Technology stocks have gained an average of 13.40%. This means that The Trade Desk is performing better than its sector in terms of year-to-date returns.
Breaking things down more, TTD is a member of the Internet - Services industry, which includes 43 individual companies and currently sits at #108 in the Zacks Industry Rank. Stocks in this group have lost about 3.71% so far this year, so TTD is performing better this group in terms of year-to-date returns.
TTD 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.