The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Intuit (INTU - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of INTU and the rest of the Computer and Technology group's stocks.
Intuit is one of 637 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #10 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. INTU is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for INTU's full-year earnings has moved 4.06% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, INTU has returned 30.80% so far this year. At the same time, Computer and Technology stocks have gained an average of 15.48%. This means that Intuit is outperforming the sector as a whole this year.
Looking more specifically, INTU belongs to the Computer - Software industry, a group that includes 47 individual stocks and currently sits at #156 in the Zacks Industry Rank. Stocks in this group have gained about 29.13% so far this year, so INTU is performing better this group in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track INTU. The stock will be looking to continue its solid performance.