Investors focused on the Computer and Technology space have likely heard of Twitter (TWTR - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.
Twitter 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 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. TWTR is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for TWTR's full-year earnings has moved 40.13% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, TWTR has gained about 33.79% so far this year. In comparison, Computer and Technology companies have returned an average of 19.48%. This means that Twitter is performing better than its sector in terms of year-to-date returns.
Looking more specifically, TWTR belongs to the Internet - Software industry, a group that includes 84 individual stocks and currently sits at #71 in the Zacks Industry Rank. Stocks in this group have gained about 29.73% so far this year, so TWTR is performing better this group in terms of year-to-date returns.
TWTR 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.