Is Twitter (TWTR) Stock Outpacing Its Computer and Technology Peers This Year?
Investors focused on the Computer and Technology space have likely heard of Twitter (TWTR), 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.
Twitter is one of 627 companies in the Computer and Technology group. The Computer and Technology group currently sits at #7 within 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 model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. TWTR is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for TWTR’s full-year earnings has moved 1.59% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that TWTR has returned about 84.17% since the start of the calendar year. Meanwhile, stocks in the Computer and Technology group have gained about 12.36% on average. 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 70 individual companies and currently sits at #113 in the Zacks Industry Rank. Stocks in this group have gained about 27.15% so far this year, so TWTR is performing better this group in terms of year-to-date returns.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to TWTR as it looks to continue its solid performance.
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