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Is Facebook (FB) Stock Outpacing Its Computer and Technology Peers This Year?

Zacks Equity Research

For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Facebook (FB) one of those stocks right now? 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.

Facebook is one of 637 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 gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

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. FB is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for FB's full-year earnings has moved 6.19% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

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Our latest available data shows that FB has returned about 35.38% since the start of the calendar year. Meanwhile, stocks in the Computer and Technology group have gained about 16.86% on average. This means that Facebook is outperforming the sector as a whole this year.

Looking more specifically, FB belongs to the Internet - Services industry, which includes 50 individual stocks and currently sits at #63 in the Zacks Industry Rank. Stocks in this group have gained about 9% so far this year, so FB is performing better this group in terms of year-to-date returns.

FB will likely be looking to continue its solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to the company.


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Zacks Investment Research