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Has MasterCraft Boat Holdings, Inc. (MCFT) Outpaced Other Consumer Discretionary Stocks This Year?
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The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has MasterCraft Boat Holdings, Inc. (MCFT - Free Report) been one of those stocks this year? 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.
MasterCraft Boat Holdings, Inc. is one of 277 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit at #15 in the Zacks Sector Rank. 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 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. MasterCraft Boat Holdings, Inc. is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for MCFT's full-year earnings has moved 4.4% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, MCFT has gained about 1.1% so far this year. Meanwhile, stocks in the Consumer Discretionary group have lost about 10.5% on average. As we can see, MasterCraft Boat Holdings, Inc. is performing better than its sector in the calendar year.
Another Consumer Discretionary stock, which has outperformed the sector so far this year, is Ralph Lauren (RL - Free Report) . The stock has returned 11.1% year-to-date.
The consensus estimate for Ralph Lauren's current year EPS has increased 11.6% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, MasterCraft Boat Holdings, Inc. belongs to the Leisure and Recreation Products industry, a group that includes 23 individual companies and currently sits at #85 in the Zacks Industry Rank. Stocks in this group have lost about 20% so far this year, so MCFT is performing better this group in terms of year-to-date returns.
On the other hand, Ralph Lauren belongs to the Textile - Apparel industry. This 20-stock industry is currently ranked #32. The industry has moved -14.6% year to date.
Investors interested in the Consumer Discretionary sector may want to keep a close eye on MasterCraft Boat Holdings, Inc. and Ralph Lauren as they attempt to continue their solid performance.
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Has MasterCraft Boat Holdings, Inc. (MCFT) Outpaced 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 MasterCraft Boat Holdings, Inc. (MCFT - Free Report) been one of those stocks this year? 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.
MasterCraft Boat Holdings, Inc. is one of 277 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit at #15 in the Zacks Sector Rank. 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 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. MasterCraft Boat Holdings, Inc. is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for MCFT's full-year earnings has moved 4.4% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, MCFT has gained about 1.1% so far this year. Meanwhile, stocks in the Consumer Discretionary group have lost about 10.5% on average. As we can see, MasterCraft Boat Holdings, Inc. is performing better than its sector in the calendar year.
Another Consumer Discretionary stock, which has outperformed the sector so far this year, is Ralph Lauren (RL - Free Report) . The stock has returned 11.1% year-to-date.
The consensus estimate for Ralph Lauren's current year EPS has increased 11.6% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, MasterCraft Boat Holdings, Inc. belongs to the Leisure and Recreation Products industry, a group that includes 23 individual companies and currently sits at #85 in the Zacks Industry Rank. Stocks in this group have lost about 20% so far this year, so MCFT is performing better this group in terms of year-to-date returns.
On the other hand, Ralph Lauren belongs to the Textile - Apparel industry. This 20-stock industry is currently ranked #32. The industry has moved -14.6% year to date.
Investors interested in the Consumer Discretionary sector may want to keep a close eye on MasterCraft Boat Holdings, Inc. and Ralph Lauren as they attempt to continue their solid performance.