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Investors focused on the Computer and Technology space have likely heard of T-Mobile US (TMUS), but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of TMUS and the rest of the Computer and Technology group's stocks.
T-Mobile US is a member of the Computer and Technology sector. This group includes 637 individual stocks and currently holds a Zacks Sector Rank of #6. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. TMUS is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for TMUS's full-year earnings has moved 2.38% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that TMUS has returned about 21.48% since the start of the calendar year. Meanwhile, stocks in the Computer and Technology group have gained about 15.14% on average. As we can see, T-Mobile US is performing better than its sector in the calendar year.
Looking more specifically, TMUS belongs to the Wireless National industry, which includes 17 individual stocks and currently sits at #91 in the Zacks Industry Rank. On average, this group has gained an average of 11.99% so far this year, meaning that TMUS is performing better in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track TMUS. The stock will be looking to continue its solid performance.
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