The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Boyd Gaming (BYD - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.
Boyd Gaming is a member of the Consumer Discretionary sector. This group includes 287 individual stocks and currently holds a Zacks Sector Rank of #12. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. Boyd Gaming is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for BYD's full-year earnings has moved 6.7% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, BYD has returned 0.3% so far this year. At the same time, Consumer Discretionary stocks have lost an average of 12.8%. This means that Boyd Gaming is outperforming the sector as a whole this year.
One other Consumer Discretionary stock that has outperformed the sector so far this year is Pearson (PSO - Free Report) . The stock is up 18.7% year-to-date.
Over the past three months, Pearson's consensus EPS estimate for the current year has increased 1%. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Boyd Gaming belongs to the Gaming industry, a group that includes 44 individual companies and currently sits at #189 in the Zacks Industry Rank. On average, stocks in this group have lost 19.6% this year, meaning that BYD is performing better in terms of year-to-date returns.
Pearson, however, belongs to the Media Conglomerates industry. Currently, this 8-stock industry is ranked #70. The industry has moved -5.9% so far this year.
Going forward, investors interested in Consumer Discretionary stocks should continue to pay close attention to Boyd Gaming and Pearson as they could maintain their solid performance.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Boyd Gaming (BYD - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.
Boyd Gaming is a member of the Consumer Discretionary sector. This group includes 287 individual stocks and currently holds a Zacks Sector Rank of #12. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. Boyd Gaming is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for BYD's full-year earnings has moved 6.7% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, BYD has returned 0.3% so far this year. At the same time, Consumer Discretionary stocks have lost an average of 12.8%. This means that Boyd Gaming is outperforming the sector as a whole this year.
One other Consumer Discretionary stock that has outperformed the sector so far this year is Pearson (PSO - Free Report) . The stock is up 18.7% year-to-date.
Over the past three months, Pearson's consensus EPS estimate for the current year has increased 1%. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Boyd Gaming belongs to the Gaming industry, a group that includes 44 individual companies and currently sits at #189 in the Zacks Industry Rank. On average, stocks in this group have lost 19.6% this year, meaning that BYD is performing better in terms of year-to-date returns.
Pearson, however, belongs to the Media Conglomerates industry. Currently, this 8-stock industry is ranked #70. The industry has moved -5.9% so far this year.
Going forward, investors interested in Consumer Discretionary stocks should continue to pay close attention to Boyd Gaming and Pearson as they could maintain their solid performance.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
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