Investors focusing on the computer and technology fields may have heard of Intuit (INTU), but are their stocks better than other peers? One easy way to answer this question is to look at the year-to-date performance of stocks in INTU and other Computer and Technology groups.
Intuit is one of 630 individual shares in the computer and technology sector. In summary, these companies are ranked 14th in the Zack Sector rank. Zacks Sector Rank considers 16 different groups and measures the strength of each group by measuring the average Zacks rank of individual stocks within the sector.
Zacks Rank is a successful stock selection model that emphasizes earnings estimates and revisions to estimates. The system highlights a variety of stocks that may be ready to outperform the broader market in the next 1-3 months. INTU currently boasts the No. 1 Zack Rank (Strong By).
Over the past quarter, INTU’s Zack’s Consensus Estimate on full-year revenue was up 19.97%. This shows that analysts’ sentiment has improved and the company’s earnings outlook is stronger.
Based on the latest available data, INTU has increased by about 33.39% so far this year. At the same time, computer and technology stocks rose an average of 20.67%. This means that Intuit is outperforming the entire sector this year.
More specifically, INTU is a member of the computer software industry, including 38 individual companies and is currently ranked 116th in the Sachs industry ranking. The group has made an average of 23.21% profit so far this year. This means that INTU is performing better in terms of year-to-date revenue.
Investors interested in computer technology stocks expect INTU to continue to perform well and need to continue to pay close attention.
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Is Intuit (INTU)’s share price higher than its computer and technology peers this year?
Source link Is Intuit (INTU)’s share price higher than its computer and technology peers this year?