Back to top

Image: Bigstock

Is Amaya (TSG) Outperforming Other Consumer Discretionary Stocks This Year?

Read MoreHide Full Article

Investors focused on the Consumer Discretionary space have likely heard of Amaya , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.

Amaya is a member of the Consumer Discretionary sector. This group includes 245 individual stocks and currently holds a Zacks Sector Rank of #11. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. TSG is currently sporting a Zacks Rank of #2 (Buy).

Over the past 90 days, the Zacks Consensus Estimate for TSG's full-year earnings has moved 3.10% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

According to our latest data, TSG has moved about 60.94% on a year-to-date basis. Meanwhile, stocks in the Consumer Discretionary group have gained about 6.32% on average. This means that Amaya is outperforming the sector as a whole this year.

To break things down more, TSG belongs to the Gaming industry, a group that includes 21 individual companies and currently sits at #58 in the Zacks Industry Rank. On average, this group has gained an average of 4.96% so far this year, meaning that TSG is performing better in terms of year-to-date returns.

Investors in the Consumer Discretionary sector will want to keep a close eye on TSG as it attempts to continue its solid performance.