Investors focused on the Computer and Technology space have likely heard of Turtle Beach (HEAR - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of HEAR and the rest of the Computer and Technology group's stocks.
Turtle Beach is a member of the Computer and Technology sector. This group includes 623 individual stocks and currently holds a Zacks Sector Rank of #3. 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. HEAR is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for HEAR's full-year earnings has moved 124.53% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, HEAR has gained about 984.44% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 12.44% on average. This means that Turtle Beach is outperforming the sector as a whole this year.
Looking more specifically, HEAR belongs to the Communication - Components industry, which includes 24 individual stocks and currently sits at #105 in the Zacks Industry Rank. Stocks in this group have gained about 11.44% so far this year, so HEAR is performing better this group in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track HEAR. The stock will be looking to continue its solid performance.