Investors focused on the Computer and Technology space have likely heard of Facebook (FB - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? 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.
Facebook is one of 633 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #8 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. FB is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for FB's full-year earnings has moved 0.40% 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, FB has returned 35.85% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 21.08% on average. As we can see, Facebook is performing better than its sector in the calendar year.
Breaking things down more, FB is a member of the Internet - Services industry, which includes 54 individual companies and currently sits at #164 in the Zacks Industry Rank. This group has gained an average of 1.34% so far this year, so FB is performing better in this area.
FB 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.