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Is Under Armour (UAA) Outperforming Other Consumer Discretionary Stocks This Year?
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Investors focused on the Consumer Discretionary space have likely heard of Under Armour (UAA - Free Report) , 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.
Under Armour 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 groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. UAA is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for UAA's full-year earnings has moved 32.26% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that UAA has returned about 51.07% since the start of the calendar year. Meanwhile, the Consumer Discretionary sector has returned an average of -2.78% on a year-to-date basis. This shows that Under Armour is outperforming its peers so far this year.
Looking more specifically, UAA belongs to the Textile - Apparel industry, which includes 21 individual stocks and currently sits at #58 in the Zacks Industry Rank. Stocks in this group have gained about 7.62% so far this year, so UAA is performing better this group in terms of year-to-date returns.
Investors with an interest in Consumer Discretionary stocks should continue to track UAA. The stock will be looking to continue its solid performance.
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Is Under Armour (UAA) Outperforming Other Consumer Discretionary Stocks This Year?
Investors focused on the Consumer Discretionary space have likely heard of Under Armour (UAA - Free Report) , 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.
Under Armour 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 groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. UAA is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for UAA's full-year earnings has moved 32.26% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that UAA has returned about 51.07% since the start of the calendar year. Meanwhile, the Consumer Discretionary sector has returned an average of -2.78% on a year-to-date basis. This shows that Under Armour is outperforming its peers so far this year.
Looking more specifically, UAA belongs to the Textile - Apparel industry, which includes 21 individual stocks and currently sits at #58 in the Zacks Industry Rank. Stocks in this group have gained about 7.62% so far this year, so UAA is performing better this group in terms of year-to-date returns.
Investors with an interest in Consumer Discretionary stocks should continue to track UAA. The stock will be looking to continue its solid performance.