The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Autohome (ATHM - 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 ATHM and the rest of the Computer and Technology group's stocks.
Autohome is one of 637 companies in the Computer and Technology group. The Computer and Technology group currently sits at #9 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. ATHM is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for ATHM's full-year earnings has moved 4.78% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that ATHM has returned about 19.49% since the start of the calendar year. Meanwhile, the Computer and Technology sector has returned an average of 16.67% on a year-to-date basis. This shows that Autohome is outperforming its peers so far this year.
To break things down more, ATHM belongs to the Internet - Services industry, a group that includes 50 individual companies and currently sits at #106 in the Zacks Industry Rank. This group has gained an average of 7.91% so far this year, so ATHM is performing better in this area.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to ATHM as it looks to continue its solid performance.