Investors focused on the Computer and Technology space have likely heard of COUPA SOFTWARE (COUP - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? 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.
COUPA SOFTWARE is a member of our Computer and Technology group, which includes 623 different companies and currently sits at #3 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. COUP is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for COUP's full-year earnings has moved 11.49% 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 COUP has returned about 153.46% since the start of the calendar year. In comparison, Computer and Technology companies have returned an average of 12.09%. As we can see, COUPA SOFTWARE is performing better than its sector in the calendar year.
Breaking things down more, COUP is a member of the Internet - Software industry, which includes 70 individual companies and currently sits at #92 in the Zacks Industry Rank. On average, stocks in this group have gained 28.22% this year, meaning that COUP is performing better in terms of year-to-date returns.
COUP 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.