We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Has Digital Turbine (APPS) Outpaced Other Computer and Technology Stocks This Year?
Read MoreHide Full Article
Investors focused on the Computer and Technology space have likely heard of Digital Turbine (APPS - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.
Digital Turbine is a member of the Computer and Technology sector. This group includes 630 individual stocks and currently holds a Zacks Sector Rank of #5. 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. APPS is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for APPS's full-year earnings has moved 3.03% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, APPS has gained about 0.14% so far this year. In comparison, Computer and Technology companies have returned an average of -2.07%. As we can see, Digital Turbine is performing better than its sector in the calendar year.
Breaking things down more, APPS is a member of the Internet - Software industry, which includes 91 individual companies and currently sits at #165 in the Zacks Industry Rank. On average, this group has gained an average of 7.02% so far this year, meaning that APPS is slightly underperforming its industry in terms of year-to-date returns.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to APPS as it looks to continue its solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Has Digital Turbine (APPS) Outpaced Other Computer and Technology Stocks This Year?
Investors focused on the Computer and Technology space have likely heard of Digital Turbine (APPS - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.
Digital Turbine is a member of the Computer and Technology sector. This group includes 630 individual stocks and currently holds a Zacks Sector Rank of #5. 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. APPS is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for APPS's full-year earnings has moved 3.03% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, APPS has gained about 0.14% so far this year. In comparison, Computer and Technology companies have returned an average of -2.07%. As we can see, Digital Turbine is performing better than its sector in the calendar year.
Breaking things down more, APPS is a member of the Internet - Software industry, which includes 91 individual companies and currently sits at #165 in the Zacks Industry Rank. On average, this group has gained an average of 7.02% so far this year, meaning that APPS is slightly underperforming its industry in terms of year-to-date returns.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to APPS as it looks to continue its solid performance.