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Has Match Group (MTCH) Outpaced Other Computer and Technology Stocks This Year?

Zacks Equity Research
1st Source (SRCE) delivered earnings and revenue surprises of -13.64% and -0.10%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?

Investors focused on the Computer and Technology space have likely heard of Match Group (MTCH), 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.

Match Group is one of 630 companies in the Computer and Technology group. The Computer and Technology group currently sits at #8 within the Zacks Sector Rank. 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. MTCH is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for MTCH's full-year earnings has moved 12.86% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

According to our latest data, MTCH has moved about 38.55% on a year-to-date basis. At the same time, Computer and Technology stocks have gained an average of 9.47%. This means that Match Group is performing better than its sector in terms of year-to-date returns.

Looking more specifically, MTCH belongs to the Internet - Services industry, a group that includes 43 individual stocks and currently sits at #70 in the Zacks Industry Rank. Stocks in this group have lost about 0.56% so far this year, so MTCH is performing better this group in terms of year-to-date returns.

Investors in the Computer and Technology sector will want to keep a close eye on MTCH as it attempts to continue its solid performance.


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