For those looking to find strong Consumer Discretionary stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Planet Fitness (PLNT - Free Report) one of those stocks right now? 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.
Planet Fitness is a member of our Consumer Discretionary group, which includes 251 different companies and currently sits at #8 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 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. PLNT is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for PLNT's full-year earnings has moved 3.90% 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, PLNT has gained about 8.17% so far this year. In comparison, Consumer Discretionary companies have returned an average of 7.16%. As we can see, Planet Fitness is performing better than its sector in the calendar year.
To break things down more, PLNT belongs to the Leisure and Recreation Services industry, a group that includes 29 individual companies and currently sits at #106 in the Zacks Industry Rank. This group has gained an average of 6.21% so far this year, so PLNT is performing better in this area.
Investors in the Consumer Discretionary sector will want to keep a close eye on PLNT as it attempts to continue its solid performance.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
For those looking to find strong Consumer Discretionary stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Planet Fitness (PLNT - Free Report) one of those stocks right now? 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.
Planet Fitness is a member of our Consumer Discretionary group, which includes 251 different companies and currently sits at #8 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 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. PLNT is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for PLNT's full-year earnings has moved 3.90% 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, PLNT has gained about 8.17% so far this year. In comparison, Consumer Discretionary companies have returned an average of 7.16%. As we can see, Planet Fitness is performing better than its sector in the calendar year.
To break things down more, PLNT belongs to the Leisure and Recreation Services industry, a group that includes 29 individual companies and currently sits at #106 in the Zacks Industry Rank. This group has gained an average of 6.21% so far this year, so PLNT is performing better in this area.
Investors in the Consumer Discretionary sector will want to keep a close eye on PLNT as it attempts to continue its solid performance.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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