Investors focused on the Computer and Technology space have likely heard of PayPal Holdings (PYPL - 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.
PayPal Holdings 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. PYPL is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for PYPL's full-year earnings has moved 4.43% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, PYPL has gained about 32.60% so far this year. In comparison, Computer and Technology companies have returned an average of 18.20%. As we can see, PayPal Holdings is performing better than its sector in the calendar year.
Breaking things down more, PYPL is a member of the Internet - Software industry, which includes 83 individual companies and currently sits at #96 in the Zacks Industry Rank. On average, this group has gained an average of 28.85% so far this year, meaning that PYPL is performing better in terms of year-to-date returns.
PYPL 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.