Investors focused on the Computer and Technology space have likely heard of Twitter (TWTR - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.
Twitter is a member of the Computer and Technology sector. This group includes 594 individual stocks and currently holds a Zacks Sector Rank of #5. 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 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. TWTR is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for TWTR's full-year earnings has moved 25.63% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that TWTR has returned about 44.73% since the start of the calendar year. At the same time, Computer and Technology stocks have gained an average of 2.47%. This means that Twitter is outperforming the sector as a whole this year.
Looking more specifically, TWTR belongs to the Internet - Software industry, which includes 75 individual stocks and currently sits at #49 in the Zacks Industry Rank. On average, stocks in this group have gained 8.25% this year, meaning that TWTR 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 TWTR as it looks to continue its solid performance.