Investors focused on the Computer and Technology space have likely heard of Angie's List (ANGI), 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.
Angie's List is one of 625 companies in the Computer and Technology group. The Computer and Technology group currently sits at #4 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. ANGI is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for ANGI's full-year earnings has moved 27.78% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, ANGI has gained about 112.05% so far this year. In comparison, Computer and Technology companies have returned an average of 11.85%. This shows that Angie's List is outperforming its peers so far this year.
Looking more specifically, ANGI belongs to the Internet - Services industry, a group that includes 43 individual stocks and currently sits at #155 in the Zacks Industry Rank. Stocks in this group have lost about 7.28% so far this year, so ANGI 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 ANGI as it looks to continue its solid performance.
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