Investors focused on the Computer and Technology space have likely heard of Zuora (ZUO - 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 ZUO and the rest of the Computer and Technology group's stocks.
Zuora is a member of the Computer and Technology sector. This group includes 641 individual stocks and currently holds a Zacks Sector Rank of #5. 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. ZUO is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for ZUO's full-year earnings has moved 1.79% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, ZUO has gained about 8.49% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 19.94% on average. As we can see, Zuora is performing better than its sector in the calendar year.
Looking more specifically, ZUO belongs to the Internet - Software industry, a group that includes 84 individual stocks and currently sits at #49 in the Zacks Industry Rank. On average, this group has gained an average of 27.48% so far this year, meaning that ZUO is slightly underperforming its industry in terms of year-to-date returns.
Investors in the Computer and Technology sector will want to keep a close eye on ZUO as it attempts to continue its solid performance.