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

Zacks Equity Research
·2 min read

The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. 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 one of 631 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #8 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 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).

The Zacks Consensus Estimate for APPS's full-year earnings has moved 15.79% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

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According to our latest data, APPS has moved about 57.09% on a year-to-date basis. Meanwhile, stocks in the Computer and Technology group have gained about 10.21% on average. This means that Digital Turbine is outperforming the sector as a whole this year.

Looking more specifically, APPS belongs to the Internet - Software industry, a group that includes 104 individual stocks and currently sits at #186 in the Zacks Industry Rank. Stocks in this group have gained about 13.78% so far this year, so APPS is performing better this group in terms of year-to-date returns.

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.


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