Investors focused on the Computer and Technology space have likely heard of Zuora (ZUO - 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.
Zuora is a member of the Computer and Technology sector. This group includes 637 individual stocks and currently holds a Zacks Sector Rank of #7. 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. ZUO is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for ZUO's full-year earnings has moved 1.79% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that ZUO has returned about 9.70% since the start of the calendar year. At the same time, Computer and Technology stocks have gained an average of 12.28%. As we can see, Zuora is performing better than its sector in the calendar year.
Looking more specifically, ZUO belongs to the Internet - Software industry, which includes 83 individual stocks and currently sits at #74 in the Zacks Industry Rank. On average, this group has gained an average of 26.16% so far this year, meaning that ZUO is slightly underperforming its industry in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track ZUO. The stock will be looking to continue its solid performance.