We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is Square (SQ) Stock Outpacing Its Computer and Technology Peers This Year?
Read MoreHide Full Article
For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Square (SQ - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.
Square is a member of our Computer and Technology group, which includes 640 different companies and currently sits at #4 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 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. SQ is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for SQ's full-year earnings has moved 70.07% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, SQ has gained about 29.52% so far this year. In comparison, Computer and Technology companies have returned an average of 24.20%. This means that Square is performing better than its sector in terms of year-to-date returns.
Looking more specifically, SQ belongs to the Internet - Software industry, which includes 84 individual stocks and currently sits at #26 in the Zacks Industry Rank. On average, this group has gained an average of 29.64% so far this year, meaning that SQ is slightly underperforming its industry in terms of year-to-date returns.
SQ 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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is Square (SQ) Stock Outpacing Its Computer and Technology Peers This Year?
For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Square (SQ - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.
Square is a member of our Computer and Technology group, which includes 640 different companies and currently sits at #4 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 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. SQ is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for SQ's full-year earnings has moved 70.07% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, SQ has gained about 29.52% so far this year. In comparison, Computer and Technology companies have returned an average of 24.20%. This means that Square is performing better than its sector in terms of year-to-date returns.
Looking more specifically, SQ belongs to the Internet - Software industry, which includes 84 individual stocks and currently sits at #26 in the Zacks Industry Rank. On average, this group has gained an average of 29.64% so far this year, meaning that SQ is slightly underperforming its industry in terms of year-to-date returns.
SQ 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.