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. Angie's List (ANGI - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of ANGI and the rest of the Computer and Technology group's stocks.
Angie's List is a member of the Computer and Technology sector. This group includes 623 individual stocks and currently holds a Zacks Sector Rank of #2. 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. ANGI is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for ANGI's full-year earnings has moved 34.86% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that ANGI has returned about 124.47% since the start of the calendar year. Meanwhile, the Computer and Technology sector has returned an average of 12.82% on a year-to-date basis. This shows that Angie's List is outperforming its peers so far this year.
Looking more specifically, ANGI belongs to the Internet - Services industry, which includes 43 individual stocks and currently sits at #152 in the Zacks Industry Rank. On average, stocks in this group have lost 6.18% this year, meaning that ANGI is performing better in terms of year-to-date returns.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to ANGI as it looks to continue its solid performance.