Investors focused on the Computer and Technology space have likely heard of Intuit (INTU), but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.
Intuit is a member of the Computer and Technology sector. This group includes 637 individual stocks and currently holds a Zacks Sector Rank of #8. 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. INTU is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for INTU's full-year earnings has moved 1.64% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, INTU has gained about 33.70% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 20.15% on average. As we can see, Intuit is performing better than its sector in the calendar year.
Looking more specifically, INTU belongs to the Computer - Software industry, which includes 48 individual stocks and currently sits at #91 in the Zacks Industry Rank. Stocks in this group have gained about 29.47% so far this year, so INTU is performing better this group in terms of year-to-date returns.
INTU will likely be looking to continue its solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to the company.
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