Is AppFolio (APPF) Stock Outpacing Its Computer and Technology Peers This Year?
Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Has AppFolio (APPF) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
AppFolio is a member of the Computer and Technology sector. This group includes 628 individual stocks and currently holds a Zacks Sector Rank of #8. 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. AppFolio is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for APPF's full-year earnings has moved 84.4% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, APPF has returned 70.6% so far this year. Meanwhile, the Computer and Technology sector has returned an average of 33.8% on a year-to-date basis. This means that AppFolio is outperforming the sector as a whole this year.
One other Computer and Technology stock that has outperformed the sector so far this year is Camtek (CAMT). The stock is up 131% year-to-date.
The consensus estimate for Camtek's current year EPS has increased 9.2% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, AppFolio belongs to the Internet - Software industry, a group that includes 148 individual companies and currently sits at #66 in the Zacks Industry Rank. This group has gained an average of 45.3% so far this year, so APPF is performing better in this area.
On the other hand, Camtek belongs to the Electronics - Measuring Instruments industry. This 5-stock industry is currently ranked #31. The industry has moved -22.5% year to date.
Investors interested in the Computer and Technology sector may want to keep a close eye on AppFolio and Camtek as they attempt to continue their solid performance.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AppFolio, Inc. (APPF) : Free Stock Analysis Report
Camtek Ltd. (CAMT) : Free Stock Analysis Report
