Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Has Twitter been one of those stocks this year? 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.
Twitter is one of 637 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #7 in 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 is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. TWTR is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for TWTR's full-year earnings has moved 209.15% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, TWTR has moved about 44.12% on a year-to-date basis. At the same time, Computer and Technology stocks have gained an average of 20.33%. This shows that Twitter is outperforming its peers so far this year.
Breaking things down more, TWTR is a member of the Internet - Software industry, which includes 89 individual companies and currently sits at #91 in the Zacks Industry Rank. This group has gained an average of 20.87% so far this year, so TWTR is performing better in this area.
TWTR 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.
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Is Twitter (TWTR) Stock Outpacing Its Computer and Technology Peers This Year?
Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Has Twitter been one of those stocks this year? 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.
Twitter is one of 637 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #7 in 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 is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. TWTR is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for TWTR's full-year earnings has moved 209.15% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, TWTR has moved about 44.12% on a year-to-date basis. At the same time, Computer and Technology stocks have gained an average of 20.33%. This shows that Twitter is outperforming its peers so far this year.
Breaking things down more, TWTR is a member of the Internet - Software industry, which includes 89 individual companies and currently sits at #91 in the Zacks Industry Rank. This group has gained an average of 20.87% so far this year, so TWTR is performing better in this area.
TWTR 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.