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Has Match Group (MTCH) Outpaced Other Computer and Technology Stocks This Year?

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Investors focused on the Computer and Technology space have likely heard of Match Group (MTCH - 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 MTCH and the rest of the Computer and Technology group's stocks.

Match Group is a member of our Computer and Technology group, which includes 623 different companies and currently sits at #2 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.

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. MTCH is currently sporting a Zacks Rank of #2 (Buy).

Over the past 90 days, the Zacks Consensus Estimate for MTCH's full-year earnings has moved 4.93% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

According to our latest data, MTCH has moved about 89.65% on a year-to-date basis. Meanwhile, stocks in the Computer and Technology group have gained about 12.80% on average. This means that Match Group is performing better than its sector in terms of year-to-date returns.

Looking more specifically, MTCH belongs to the Internet - Services industry, which includes 43 individual stocks and currently sits at #151 in the Zacks Industry Rank. This group has lost an average of 5.58% so far this year, so MTCH is performing better in this area.

Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to MTCH as it looks to continue its solid performance.




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