Investors focused on the Computer and Technology space have likely heard of Digital Turbine (APPS), but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of APPS and the rest of the Computer and Technology group's stocks.
Digital Turbine is one of 645 companies in the Computer and Technology group. The Computer and Technology group currently sits at #5 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 is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. APPS is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for APPS's full-year earnings has moved 350% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, APPS has moved about 57.38% on a year-to-date basis. In comparison, Computer and Technology companies have returned an average of 12.33%. As we can see, Digital Turbine is performing better than its sector in the calendar year.
Breaking things down more, APPS is a member of the Internet - Software industry, which includes 84 individual companies and currently sits at #25 in the Zacks Industry Rank. This group has gained an average of 22.92% so far this year, so APPS is performing better in this area.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to APPS as it looks to continue its solid performance.
Digital Turbine, Inc. (APPS): Free Stock Analysis Report
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