We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is Bassett Furniture Industries (BSET) Stock Outpacing Its Consumer Discretionary Peers This Year?
Read MoreHide Full Article
Investors interested in Consumer Discretionary stocks should always be looking to find the best-performing companies in the group. Has Bassett Furniture (BSET - 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.
Bassett Furniture is one of 253 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits at #9 within 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 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. Bassett Furniture is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for BSET's full-year earnings has moved 17.9% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, BSET has gained about 16.8% so far this year. At the same time, Consumer Discretionary stocks have gained an average of 11.6%. This shows that Bassett Furniture is outperforming its peers so far this year.
One other Consumer Discretionary stock that has outperformed the sector so far this year is K12 (LRN - Free Report) . The stock is up 58.9% year-to-date.
For K12, the consensus EPS estimate for the current year has increased 9.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Bassett Furniture belongs to the Furniture industry, a group that includes 8 individual companies and currently sits at #211 in the Zacks Industry Rank. Stocks in this group have lost about 12% so far this year, so BSET is performing better this group in terms of year-to-date returns.
In contrast, K12 falls under the Schools industry. Currently, this industry has 18 stocks and is ranked #31. Since the beginning of the year, the industry has moved +7.6%.
Investors with an interest in Consumer Discretionary stocks should continue to track Bassett Furniture and K12. These stocks will be looking to continue their solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is Bassett Furniture Industries (BSET) Stock Outpacing Its Consumer Discretionary Peers This Year?
Investors interested in Consumer Discretionary stocks should always be looking to find the best-performing companies in the group. Has Bassett Furniture (BSET - 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.
Bassett Furniture is one of 253 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits at #9 within 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 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. Bassett Furniture is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for BSET's full-year earnings has moved 17.9% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, BSET has gained about 16.8% so far this year. At the same time, Consumer Discretionary stocks have gained an average of 11.6%. This shows that Bassett Furniture is outperforming its peers so far this year.
One other Consumer Discretionary stock that has outperformed the sector so far this year is K12 (LRN - Free Report) . The stock is up 58.9% year-to-date.
For K12, the consensus EPS estimate for the current year has increased 9.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Bassett Furniture belongs to the Furniture industry, a group that includes 8 individual companies and currently sits at #211 in the Zacks Industry Rank. Stocks in this group have lost about 12% so far this year, so BSET is performing better this group in terms of year-to-date returns.
In contrast, K12 falls under the Schools industry. Currently, this industry has 18 stocks and is ranked #31. Since the beginning of the year, the industry has moved +7.6%.
Investors with an interest in Consumer Discretionary stocks should continue to track Bassett Furniture and K12. These stocks will be looking to continue their solid performance.