Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Has Match Group (MTCH - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Match Group is one of 625 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #4 in 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 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. MTCH is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for MTCH's full-year earnings has moved 4.70% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that MTCH has returned about 74.54% since the start of the calendar year. Meanwhile, stocks in the Computer and Technology group have gained about 11.85% on average. This means that Match Group is performing better than its sector in terms of year-to-date returns.
Breaking things down more, MTCH is a member of the Internet - Services industry, which includes 43 individual companies and currently sits at #155 in the Zacks Industry Rank. On average, stocks in this group have lost 7.28% this year, meaning that MTCH is performing better in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track MTCH. The stock will be looking to continue its solid performance.