Investors focused on the Computer and Technology space have likely heard of Facebook (FB - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? 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.
Facebook is a member of the Computer and Technology sector. This group includes 641 individual stocks and currently holds a Zacks Sector Rank of #6. 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 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. FB is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for FB's full-year earnings has moved 6.65% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that FB has returned about 43.67% since the start of the calendar year. Meanwhile, the Computer and Technology sector has returned an average of 19.48% on a year-to-date basis. This means that Facebook is performing better than its sector in terms of year-to-date returns.
Breaking things down more, FB is a member of the Internet - Services industry, which includes 50 individual companies and currently sits at #170 in the Zacks Industry Rank. Stocks in this group have gained about 18.66% so far this year, so FB is performing better this group in terms of year-to-date returns.
Investors in the Computer and Technology sector will want to keep a close eye on FB as it attempts to continue its solid performance.