Investors focused on the Computer and Technology space have likely heard of Smartsheet (SMAR Quick QuoteSMAR - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.

Smartsheet is a member of the Computer and Technology sector. This group includes 630 individual stocks and currently holds a Zacks Sector Rank of #8. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.

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. SMAR is currently sporting a Zacks Rank of #2 (Buy).

Over the past three months, the Zacks Consensus Estimate for SMAR's full-year earnings has moved 2.43% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Our latest available data shows that SMAR has returned about 58.49% since the start of the calendar year. At the same time, Computer and Technology stocks have gained an average of 26.38%. This means that Smartsheet is outperforming the sector as a whole this year.

Looking more specifically, SMAR belongs to the Internet - Software industry, a group that includes 91 individual stocks and currently sits at #64 in the Zacks Industry Rank. Stocks in this group have gained about 14.95% so far this year, so SMAR is performing better this group in terms of year-to-date returns.

Investors in the Computer and Technology sector will want to keep a close eye on SMAR as it attempts to continue its solid performance.