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 one of 242 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit at #12 in the Zacks Sector Rank. 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 is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. ELY is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for ELY's full-year earnings has moved 22.66% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, ELY has gained about 65.54% so far this year. In comparison, Consumer Discretionary companies have returned an average of 6.82%. This means that Callaway Golf is outperforming the sector as a whole this year.
Breaking things down more, ELY is a member of the Leisure and Recreation Products industry, which includes 14 individual companies and currently sits at #24 in the Zacks Industry Rank. This group has gained an average of 19.33% so far this year, so ELY is performing better in this area.
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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Is Callaway Golf (ELY) Outperforming 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 one of 242 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit at #12 in the Zacks Sector Rank. 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 is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. ELY is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for ELY's full-year earnings has moved 22.66% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, ELY has gained about 65.54% so far this year. In comparison, Consumer Discretionary companies have returned an average of 6.82%. This means that Callaway Golf is outperforming the sector as a whole this year.
Breaking things down more, ELY is a member of the Leisure and Recreation Products industry, which includes 14 individual companies and currently sits at #24 in the Zacks Industry Rank. This group has gained an average of 19.33% so far this year, so ELY is performing better in this area.
Investors in the Consumer Discretionary sector will want to keep a close eye on ELY as it attempts to continue its solid performance.