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Are Computer and Technology Stocks Lagging Intuit (INTU) This Year?
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For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. Intuit (INTU - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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.
Intuit is a member of the Computer and Technology sector. This group includes 607 individual stocks and currently holds a Zacks Sector Rank of #6. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. Intuit is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for INTU's full-year earnings has moved 4.1% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, INTU has moved about 20.2% on a year-to-date basis. At the same time, Computer and Technology stocks have gained an average of 9.6%. This means that Intuit is performing better than its sector in terms of year-to-date returns.
One other Computer and Technology stock that has outperformed the sector so far this year is Adyen N.V. Unsponsored ADR (ADYEY - Free Report) . The stock is up 23% year-to-date.
For Adyen N.V. Unsponsored ADR, the consensus EPS estimate for the current year has increased 3.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Intuit belongs to the Computer - Software industry, a group that includes 30 individual stocks and currently sits at #33 in the Zacks Industry Rank. This group has gained an average of 19.6% so far this year, so INTU is performing better in this area.
In contrast, Adyen N.V. Unsponsored ADR falls under the Internet - Software industry. Currently, this industry has 173 stocks and is ranked #77. Since the beginning of the year, the industry has moved +15.5%.
Investors interested in the Computer and Technology sector may want to keep a close eye on Intuit and Adyen N.V. Unsponsored ADR as they attempt to continue their solid performance.
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Are Computer and Technology Stocks Lagging Intuit (INTU) This Year?
For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. Intuit (INTU - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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.
Intuit is a member of the Computer and Technology sector. This group includes 607 individual stocks and currently holds a Zacks Sector Rank of #6. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. Intuit is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for INTU's full-year earnings has moved 4.1% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, INTU has moved about 20.2% on a year-to-date basis. At the same time, Computer and Technology stocks have gained an average of 9.6%. This means that Intuit is performing better than its sector in terms of year-to-date returns.
One other Computer and Technology stock that has outperformed the sector so far this year is Adyen N.V. Unsponsored ADR (ADYEY - Free Report) . The stock is up 23% year-to-date.
For Adyen N.V. Unsponsored ADR, the consensus EPS estimate for the current year has increased 3.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Intuit belongs to the Computer - Software industry, a group that includes 30 individual stocks and currently sits at #33 in the Zacks Industry Rank. This group has gained an average of 19.6% so far this year, so INTU is performing better in this area.
In contrast, Adyen N.V. Unsponsored ADR falls under the Internet - Software industry. Currently, this industry has 173 stocks and is ranked #77. Since the beginning of the year, the industry has moved +15.5%.
Investors interested in the Computer and Technology sector may want to keep a close eye on Intuit and Adyen N.V. Unsponsored ADR as they attempt to continue their solid performance.