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Is MeetMe (MEET) Outperforming Other Computer and Technology Stocks This Year?

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Investors focused on the Computer and Technology space have likely heard of MeetMe (MEET - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of MEET and the rest of the Computer and Technology group's stocks.

MeetMe is a member of our Computer and Technology group, which includes 644 different companies and currently sits at #5 in 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 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. MEET is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past three months, the Zacks Consensus Estimate for MEET's full-year earnings has moved 7.84% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Based on the most recent data, MEET has returned 26.35% so far this year. In comparison, Computer and Technology companies have returned an average of 12.47%. This shows that MeetMe is outperforming its peers so far this year.

To break things down more, MEET belongs to the Internet - Software industry, a group that includes 84 individual companies and currently sits at #31 in the Zacks Industry Rank. This group has gained an average of 22.48% so far this year, so MEET is performing better in this area.

Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to MEET as it looks to continue its solid performance.

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