The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has MeetMe (MEET - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
MeetMe is a member of the Computer and Technology sector. This group includes 642 individual stocks and currently holds a Zacks Sector Rank of #5. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. MEET is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for MEET's full-year earnings has moved 7.84% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that MEET has returned about 17.93% since the start of the calendar year. Meanwhile, stocks in the Computer and Technology group have gained about 12.49% on average. As we can see, MeetMe is performing better than its sector in the calendar year.
Breaking things down more, MEET is a member of the Internet - Software industry, which includes 83 individual companies and currently sits at #53 in the Zacks Industry Rank. On average, stocks in this group have gained 20.93% this year, meaning that MEET is slightly underperforming its industry in terms of year-to-date returns.
MEET 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.