The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Etsy (ETSY - Free Report) been one of those stocks this year? 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.
Etsy is a member of the Computer and Technology sector. This group includes 660 individual stocks and currently holds a Zacks Sector Rank of #4. 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. ETSY is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for ETSY's full-year earnings has moved 0.09% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, ETSY has moved about 97.70% on a year-to-date basis. Meanwhile, the Computer and Technology sector has returned an average of 2.23% on a year-to-date basis. As we can see, Etsy is performing better than its sector in the calendar year.
To break things down more, ETSY belongs to the Internet - Services industry, a group that includes 52 individual companies and currently sits at #63 in the Zacks Industry Rank. On average, stocks in this group have lost 20.15% this year, meaning that ETSY 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 ETSY as it looks to continue its solid performance.