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 our Consumer Discretionary group, which includes 257 different companies and currently sits at #12 in the Zacks Sector Rank. 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 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 90 days, the Zacks Consensus Estimate for ELY's full-year earnings has moved 5.52% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, ELY has moved about 19.24% on a year-to-date basis. In comparison, Consumer Discretionary companies have returned an average of -5.33%. As we can see, Callaway Golf is performing better than its sector in the calendar year.
Looking more specifically, ELY belongs to the Leisure and Recreation Products industry, a group that includes 16 individual stocks and currently sits at #41 in the Zacks Industry Rank. Stocks in this group have lost about 14.18% so far this year, so ELY is performing better this group in terms of year-to-date returns.
Going forward, investors interested in Consumer Discretionary stocks should continue to pay close attention to ELY as it looks 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 our Consumer Discretionary group, which includes 257 different companies and currently sits at #12 in the Zacks Sector Rank. 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 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 90 days, the Zacks Consensus Estimate for ELY's full-year earnings has moved 5.52% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, ELY has moved about 19.24% on a year-to-date basis. In comparison, Consumer Discretionary companies have returned an average of -5.33%. As we can see, Callaway Golf is performing better than its sector in the calendar year.
Looking more specifically, ELY belongs to the Leisure and Recreation Products industry, a group that includes 16 individual stocks and currently sits at #41 in the Zacks Industry Rank. Stocks in this group have lost about 14.18% so far this year, so ELY is performing better this group in terms of year-to-date returns.
Going forward, investors interested in Consumer Discretionary stocks should continue to pay close attention to ELY as it looks to continue its solid performance.