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 our Computer and Technology group, which includes 642 different companies and currently sits at #7 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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).
Over the past three months, the Zacks Consensus Estimate for INTU's full-year earnings has moved 0.22% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, INTU has returned 29.73% so far this year. At the same time, Computer and Technology stocks have gained an average of 16.20%. This means that Intuit is outperforming the sector as a whole this year.
Looking more specifically, INTU belongs to the Computer - Software industry, a group that includes 49 individual stocks and currently sits at #15 in the Zacks Industry Rank. This group has gained an average of 16.85% so far this year, so INTU is performing better in this area.
Investors with an interest in Computer and Technology stocks should continue to track INTU. The stock will be looking to continue its solid performance.
Intuit Inc. (NASDAQ:INTU): Free Stock Analysis Report
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