Is Twilio (TWLO) Stock Outpacing Its Computer and Technology Peers This Year?
Investors focused on the Computer and Technology space have likely heard of Twilio (TWLO), but is the stock performing well in comparison to the rest of its sector peers? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.
Twilio is a member of the Computer and Technology sector. This group includes 658 individual stocks and currently holds a Zacks Sector Rank of #4. 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 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. TWLO is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for TWLO's full-year earnings has moved 11.67% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that TWLO has returned about 288.22% since the start of the calendar year. In comparison, Computer and Technology companies have returned an average of -2.22%. This means that Twilio is performing better than its sector in terms of year-to-date returns.
Looking more specifically, TWLO belongs to the Internet - Software industry, which includes 89 individual stocks and currently sits at #23 in the Zacks Industry Rank. This group has gained an average of 8.60% so far this year, so TWLO is performing better in this area.
Investors in the Computer and Technology sector will want to keep a close eye on TWLO as it attempts to continue its solid performance.
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