Investors focused on the Computer and Technology space have likely heard of Twitter (TWTR – Free Report) , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of TWTR and the rest of the Computer and Technology group's stocks.
Twitter is a member of our Computer and Technology group, which includes 635 different companies and currently sits at #6 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 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. TWTR is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for TWTR's full-year earnings has moved 224.61% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that TWTR has returned about 29.28% since the start of the calendar year. In comparison, Computer and Technology companies have returned an average of 3.23%. 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 72 individual companies and currently sits at #108 in the Zacks Industry Rank. Stocks in this group have gained about 10.69% so far this year, so TWTR is performing better this group in terms of year-to-date returns.
TWTR will likely be looking to continue its solid performance, so investors interested Computer and Technology stocks should continue to pay close attention to the company.
