Investors focused on the Computer and Technology space have likely heard of Match Group (MTCH - 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.
Match Group is one of 638 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #6 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. MTCH is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for MTCH's full-year earnings has moved 26.06% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, MTCH has returned 65.37% so far this year. In comparison, Computer and Technology companies have returned an average of 18.20%. This means that Match Group is outperforming the sector as a whole this year.
To break things down more, MTCH belongs to the Internet - Services industry, a group that includes 50 individual companies and currently sits at #106 in the Zacks Industry Rank. Stocks in this group have gained about 18.35% so far this year, so MTCH is performing better this group in terms of year-to-date returns.
MTCH 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.