Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Has Facebook (FB - 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.
Facebook 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 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 is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. FB is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for FB's full-year earnings has moved 2.72% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that FB has returned about 29.38% since the start of the calendar year. Meanwhile, the Computer and Technology sector has returned an average of 12.49% on a year-to-date basis. This means that Facebook is performing better than its sector in terms of year-to-date returns.
Looking more specifically, FB belongs to the Internet - Services industry, which includes 50 individual stocks and currently sits at #141 in the Zacks Industry Rank. Stocks in this group have gained about 14.24% so far this year, so FB is performing better this group in terms of year-to-date returns.
FB 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.