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Is Digital Turbine (APPS) Outperforming Other Computer and Technology Stocks This Year?

Zacks Equity Research

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? Let's take a closer look at the stock's year-to-date performance to find out.

Digital Turbine is one of 633 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 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 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 #2 (Buy).

Over the past 90 days, the Zacks Consensus Estimate for APPS's full-year earnings has moved 96.15% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

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Our latest available data shows that APPS has returned about 238.52% since the start of the calendar year. Meanwhile, the Computer and Technology sector has returned an average of 18.26% on a year-to-date basis. This means that Digital Turbine is performing better than its sector in terms of year-to-date returns.

Looking more specifically, APPS belongs to the Internet - Software industry, a group that includes 91 individual stocks and currently sits at #90 in the Zacks Industry Rank. On average, this group has gained an average of 15.37% so far this year, meaning that APPS is performing better in terms of year-to-date returns.

Investors with an interest in Computer and Technology stocks should continue to track APPS. The stock will be looking to continue its solid performance.


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Zacks Investment Research