The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Callaway Golf been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Callaway Golf is a member of the Consumer Discretionary sector. This group includes 258 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 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. ELY is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for ELY's full-year earnings has moved 5.52% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, ELY has gained about 59.08% so far this year. In comparison, Consumer Discretionary companies have returned an average of 0.22%. This means that Callaway Golf is performing better than its sector in terms of year-to-date returns.
Looking more specifically, ELY belongs to the Leisure and Recreation Products industry, a group that includes 16 individual stocks and currently sits at #51 in the Zacks Industry Rank. On average, stocks in this group have lost 4.74% this year, meaning that ELY is performing better in terms of year-to-date returns.
Investors with an interest in Consumer Discretionary stocks should continue to track ELY. The stock will be looking to continue its solid performance.
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Is Callaway Golf (ELY) Outperforming Other Consumer Discretionary Stocks This Year?
The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Callaway Golf been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Callaway Golf is a member of the Consumer Discretionary sector. This group includes 258 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 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. ELY is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for ELY's full-year earnings has moved 5.52% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, ELY has gained about 59.08% so far this year. In comparison, Consumer Discretionary companies have returned an average of 0.22%. This means that Callaway Golf is performing better than its sector in terms of year-to-date returns.
Looking more specifically, ELY belongs to the Leisure and Recreation Products industry, a group that includes 16 individual stocks and currently sits at #51 in the Zacks Industry Rank. On average, stocks in this group have lost 4.74% this year, meaning that ELY is performing better in terms of year-to-date returns.
Investors with an interest in Consumer Discretionary stocks should continue to track ELY. The stock will be looking to continue its solid performance.