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Is GDEV Inc. (GDEV) Stock Outpacing Its Consumer Discretionary Peers 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. Is GDEV Inc. (GDEV - 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.
GDEV Inc. is a member of our Consumer Discretionary group, which includes 254 different companies and currently sits at #9 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 proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. GDEV Inc. is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for GDEV's full-year earnings has moved 31.6% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that GDEV has returned about 62.9% since the start of the calendar year. Meanwhile, the Consumer Discretionary sector has returned an average of 10.9% on a year-to-date basis. This means that GDEV Inc. is outperforming the sector as a whole this year.
Another stock in the Consumer Discretionary sector, Red Rock Resorts (RRR - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 31.1%.
The consensus estimate for Red Rock Resorts' current year EPS has increased 13% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, GDEV Inc. is a member of the Gaming industry, which includes 40 individual companies and currently sits at #97 in the Zacks Industry Rank. Stocks in this group have gained about 25.7% so far this year, so GDEV is performing better this group in terms of year-to-date returns. Red Rock Resorts is also part of the same industry.
Going forward, investors interested in Consumer Discretionary stocks should continue to pay close attention to GDEV Inc. and Red Rock Resorts as they could maintain their solid performance.
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Is GDEV Inc. (GDEV) Stock Outpacing Its Consumer Discretionary Peers This Year?
The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is GDEV Inc. (GDEV - 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.
GDEV Inc. is a member of our Consumer Discretionary group, which includes 254 different companies and currently sits at #9 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 proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. GDEV Inc. is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for GDEV's full-year earnings has moved 31.6% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that GDEV has returned about 62.9% since the start of the calendar year. Meanwhile, the Consumer Discretionary sector has returned an average of 10.9% on a year-to-date basis. This means that GDEV Inc. is outperforming the sector as a whole this year.
Another stock in the Consumer Discretionary sector, Red Rock Resorts (RRR - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 31.1%.
The consensus estimate for Red Rock Resorts' current year EPS has increased 13% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, GDEV Inc. is a member of the Gaming industry, which includes 40 individual companies and currently sits at #97 in the Zacks Industry Rank. Stocks in this group have gained about 25.7% so far this year, so GDEV is performing better this group in terms of year-to-date returns. Red Rock Resorts is also part of the same industry.
Going forward, investors interested in Consumer Discretionary stocks should continue to pay close attention to GDEV Inc. and Red Rock Resorts as they could maintain their solid performance.