Is Intuit (INTU) Stock Outpacing Its Computer and Technology Peers 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. Has Intuit (INTU) been one of those stocks this year? 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.

Intuit is one of 607 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #6 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.

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. Intuit is currently sporting a Zacks Rank of #1 (Strong Buy).

Within the past quarter, the Zacks Consensus Estimate for INTU's full-year earnings has moved 3.8% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Our latest available data shows that INTU has returned about 20.5% since the start of the calendar year. In comparison, Computer and Technology companies have returned an average of -1.5%. As we can see, Intuit is performing better than its sector in the calendar year.

Adyen N.V. Unsponsored ADR (ADYEY) is another Computer and Technology stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 29.6%.

Over the past three months, Adyen N.V. Unsponsored ADR's consensus EPS estimate for the current year has increased 4.4%. The stock currently has a Zacks Rank #2 (Buy).

To break things down more, Intuit belongs to the Computer - Software industry, a group that includes 31 individual companies and currently sits at #75 in the Zacks Industry Rank. On average, stocks in this group have gained 5.8% this year, meaning that INTU is performing better in terms of year-to-date returns.

On the other hand, Adyen N.V. Unsponsored ADR belongs to the Internet - Software industry. This 167-stock industry is currently ranked #53. The industry has moved +5.6% year to date.

Intuit and Adyen N.V. Unsponsored ADR could continue their solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to these stocks.

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This article originally published on Zacks Investment Research (zacks.com).

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