For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. T-Mobile US (TMUS - 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? 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.
T-Mobile US 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 includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. TMUS is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for TMUS's full-year earnings has moved 7.06% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, TMUS has returned 24.76% so far this year. In comparison, Computer and Technology companies have returned an average of 20.33%. This means that T-Mobile US is performing better than its sector in terms of year-to-date returns.
Looking more specifically, TMUS belongs to the Wireless National industry, which includes 15 individual stocks and currently sits at #68 in the Zacks Industry Rank. On average, stocks in this group have gained 20.56% this year, meaning that TMUS is performing better in terms of year-to-date returns.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to TMUS as it looks to continue its solid performance.