For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. Is j2 Global (JCOM - Free Report) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.
j2 Global is one of 625 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 groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. JCOM is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for JCOM's full-year earnings has moved 3.67% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, JCOM has gained about 8.86% so far this year. Meanwhile, the Computer and Technology sector has returned an average of 12.88% on a year-to-date basis. This shows that j2 Global is outperforming its peers so far this year.
Looking more specifically, JCOM belongs to the Internet - Software industry, a group that includes 70 individual stocks and currently sits at #98 in the Zacks Industry Rank. On average, this group has gained an average of 33.85% so far this year, meaning that JCOM is slightly underperforming its industry in terms of year-to-date returns.
JCOM 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.