Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Digital Turbine (APPS) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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 a member of the Computer and Technology sector. This group includes 638 individual stocks and currently holds a Zacks Sector Rank of #8. 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 96.15% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, APPS has moved about 308.20% on a year-to-date basis. At the same time, Computer and Technology stocks have gained an average of 22.23%. This shows that Digital Turbine is outperforming its peers so far this year.
Breaking things down more, APPS is a member of the Internet - Software industry, which includes 89 individual companies and currently sits at #98 in the Zacks Industry Rank. This group has gained an average of 31.77% so far this year, so APPS is performing better in this area.
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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Digital Turbine, Inc. (APPS) : Free Stock Analysis Report
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