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Is Angie's List (ANGI) Outperforming Other Computer and Technology Stocks This Year?

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Investors focused on the Computer and Technology space have likely heard of Angie's List (ANGI - 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.

Angie's List is one of 660 companies in the Computer and Technology group. The Computer and Technology group currently sits at #4 within 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 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 #1 (Strong Buy).

Over the past 90 days, the Zacks Consensus Estimate for ANGI's full-year earnings has moved 7.27% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Our latest available data shows that ANGI has returned about 71.03% since the start of the calendar year. At the same time, Computer and Technology stocks have gained an average of 4.11%. As we can see, Angie's List is performing better than its sector in the calendar year.

Looking more specifically, ANGI belongs to the Internet - Services industry, which includes 52 individual stocks and currently sits at #57 in the Zacks Industry Rank. Stocks in this group have lost about 19.12% so far this year, so ANGI is performing better this group in terms of year-to-date returns.

Investors in the Computer and Technology sector will want to keep a close eye on ANGI as it attempts to continue its solid performance.




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