Investors focused on the Consumer Discretionary space have likely heard of Callaway Golf , but is the stock performing well in comparison to the rest of its sector peers? By taking a look at the stock's year-to-date performance in comparison to its Consumer Discretionary peers, we might be able to answer that question.
Callaway Golf is a member of the Consumer Discretionary sector. This group includes 243 individual stocks and currently holds a Zacks Sector Rank of #7. 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 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. ELY is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for ELY's full-year earnings has moved 22.66% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, ELY has moved about 62.38% on a year-to-date basis. Meanwhile, stocks in the Consumer Discretionary group have gained about 4.40% on average. This means that Callaway Golf is outperforming the sector as a whole this year.
To break things down more, ELY belongs to the Leisure and Recreation Products industry, a group that includes 14 individual companies and currently sits at #74 in the Zacks Industry Rank. Stocks in this group have gained about 11.51% so far this year, so ELY is performing better this group in terms of year-to-date returns.
Investors in the Consumer Discretionary sector will want to keep a close eye on ELY as it attempts to continue its solid performance.
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Has Callaway Golf (ELY) Outpaced Other Consumer Discretionary Stocks This Year?
Investors focused on the Consumer Discretionary space have likely heard of Callaway Golf , but is the stock performing well in comparison to the rest of its sector peers? By taking a look at the stock's year-to-date performance in comparison to its Consumer Discretionary peers, we might be able to answer that question.
Callaway Golf is a member of the Consumer Discretionary sector. This group includes 243 individual stocks and currently holds a Zacks Sector Rank of #7. 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 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. ELY is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for ELY's full-year earnings has moved 22.66% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, ELY has moved about 62.38% on a year-to-date basis. Meanwhile, stocks in the Consumer Discretionary group have gained about 4.40% on average. This means that Callaway Golf is outperforming the sector as a whole this year.
To break things down more, ELY belongs to the Leisure and Recreation Products industry, a group that includes 14 individual companies and currently sits at #74 in the Zacks Industry Rank. Stocks in this group have gained about 11.51% so far this year, so ELY is performing better this group in terms of year-to-date returns.
Investors in the Consumer Discretionary sector will want to keep a close eye on ELY as it attempts to continue its solid performance.