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Is Match Group (MTCH) Stock Outpacing Its Computer and Technology Peers This Year?
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The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Match Group (MTCH - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Match Group is one of 635 companies in the Computer and Technology group. The Computer and Technology group currently sits at #7 within 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 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).
Over the past three months, the Zacks Consensus Estimate for MTCH's full-year earnings has moved 26.06% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that MTCH has returned about 64.46% since the start of the calendar year. Meanwhile, the Computer and Technology sector has returned an average of 18.73% on a year-to-date basis. 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 #77 in the Zacks Industry Rank. Stocks in this group have gained about 11.50% so far this year, so MTCH is performing better this group in terms of year-to-date returns.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to MTCH as it looks to continue its solid performance.
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Is Match Group (MTCH) Stock Outpacing Its Computer and Technology Peers This Year?
The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Match Group (MTCH - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Match Group is one of 635 companies in the Computer and Technology group. The Computer and Technology group currently sits at #7 within 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 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).
Over the past three months, the Zacks Consensus Estimate for MTCH's full-year earnings has moved 26.06% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that MTCH has returned about 64.46% since the start of the calendar year. Meanwhile, the Computer and Technology sector has returned an average of 18.73% on a year-to-date basis. 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 #77 in the Zacks Industry Rank. Stocks in this group have gained about 11.50% so far this year, so MTCH is performing better this group in terms of year-to-date returns.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to MTCH as it looks to continue its solid performance.