Investors focused on the Computer and Technology space have likely heard of COUPA SOFTWARE (COUP - 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.
COUPA SOFTWARE is one of 647 companies in the Computer and Technology group. The Computer and Technology group currently sits at #2 within the Zacks Sector Rank. 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 model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. COUP is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for COUP's full-year earnings has moved 26.72% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that COUP has returned about 8.78% since the start of the calendar year. Meanwhile, the Computer and Technology sector has returned an average of 4.23% on a year-to-date basis. This means that COUPA SOFTWARE is performing better than its sector in terms of year-to-date returns.
Looking more specifically, COUP belongs to the Internet - Software industry, which includes 83 individual stocks and currently sits at #24 in the Zacks Industry Rank. On average, this group has gained an average of 9.13% so far this year, meaning that COUP is slightly underperforming its industry in terms of year-to-date returns.
COUP 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.