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Is Square (SQ) Stock Outpacing Its Computer and Technology Peers This Year?
By: Zacks Equity Research | April 26, 2019

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 Square (SQ) 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.

Square is a member of our Computer and Technology group, which includes 640 different companies and currently sits at #4 in the Zacks Sector Rank. 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. SQ is currently sporting a Zacks Rank of #2 (Buy).

Over the past three months, the Zacks Consensus Estimate for SQ's full-year earnings has moved 70.07% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Based on the latest available data, SQ has gained about 29.52% so far this year. In comparison, Computer and Technology companies have returned an average of 24.20%. This means that Square is performing better than its sector in terms of year-to-date returns.

Looking more specifically, SQ belongs to the Internet - Software industry, which includes 84 individual stocks and currently sits at #26 in the Zacks Industry Rank. On average, this group has gained an average of 29.64% so far this year, meaning that SQ is slightly underperforming its industry in terms of year-to-date returns.

SQ 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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