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 659 individual stocks and currently holds a Zacks Sector Rank of #3. 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 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. TWTR is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for TWTR's full-year earnings has moved 32.74% higher within the past quarter. 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 35.61% since the start of the calendar year. Meanwhile, stocks in the Computer and Technology group have lost about 0.32% on average. As we can see, Twitter is performing better than its sector in the calendar year.
Breaking things down more, TWTR is a member of the Internet - Software industry, which includes 89 individual companies and currently sits at #26 in the Zacks Industry Rank. Stocks in this group have gained about 8.39% so far this year, so TWTR is performing better this group in terms of year-to-date returns.
TWTR will likely be looking to continue its solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to the company.