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 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the 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 means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, MTCH has returned 62.90% so far this year. At the same time, Computer and Technology stocks have gained an average of 12.28%. This means that Match Group is outperforming the sector as a whole this year.
Looking more specifically, MTCH belongs to the Internet - Services industry, which includes 50 individual stocks and currently sits at #100 in the Zacks Industry Rank. This group has gained an average of 11.77% so far this year, so MTCH is performing better in this area.
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.