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Is Weibo (WB) Outperforming Other Computer and Technology Stocks This Year?

Zacks Equity Research
Updated
Is (PSEC) Outperforming Other Finance Stocks This Year?

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 Weibo (WB) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.

Weibo is a member of the Computer and Technology sector. This group includes 632 individual stocks and currently holds a Zacks Sector Rank of #7. 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 system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. WB is currently sporting a Zacks Rank of #2 (Buy).

Over the past 90 days, the Zacks Consensus Estimate for WB's full-year earnings has moved 1.28% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

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Our latest available data shows that WB has returned about 23.71% since the start of the calendar year. At the same time, Computer and Technology stocks have gained an average of 3.88%. This shows that Weibo is outperforming its peers so far this year.

Breaking things down more, WB is a member of the Internet - Content industry, which includes 21 individual companies and currently sits at #176 in the Zacks Industry Rank. Stocks in this group have gained about 6% so far this year, so WB is performing better this group in terms of year-to-date returns.

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


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