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Is Carnival (CCL) Outperforming Other Consumer Discretionary Stocks This Year?
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Investors interested in Consumer Discretionary stocks should always be looking to find the best-performing companies in the group. Is Carnival (CCL - Free Report) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Discretionary sector should help us answer this question.
Carnival is one of 254 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit at #12 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. Carnival is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for CCL's full-year earnings has moved 0.9% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, CCL has returned 22.9% so far this year. At the same time, Consumer Discretionary stocks have gained an average of 10.7%. As we can see, Carnival is performing better than its sector in the calendar year.
Another Consumer Discretionary stock, which has outperformed the sector so far this year, is Hasbro (HAS - Free Report) . The stock has returned 35.2% year-to-date.
Over the past three months, Hasbro's consensus EPS estimate for the current year has increased 15.6%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Carnival belongs to the Leisure and Recreation Services industry, a group that includes 28 individual stocks and currently sits at #93 in the Zacks Industry Rank. On average, stocks in this group have gained 9.6% this year, meaning that CCL is performing better in terms of year-to-date returns.
On the other hand, Hasbro belongs to the Toys - Games - Hobbies industry. This 3-stock industry is currently ranked #101. The industry has moved +14.3% year to date.
Carnival and Hasbro could continue their solid performance, so investors interested in Consumer Discretionary stocks should continue to pay close attention to these stocks.
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Is Carnival (CCL) Outperforming Other Consumer Discretionary Stocks This Year?
Investors interested in Consumer Discretionary stocks should always be looking to find the best-performing companies in the group. Is Carnival (CCL - Free Report) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Discretionary sector should help us answer this question.
Carnival is one of 254 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit at #12 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. Carnival is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for CCL's full-year earnings has moved 0.9% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, CCL has returned 22.9% so far this year. At the same time, Consumer Discretionary stocks have gained an average of 10.7%. As we can see, Carnival is performing better than its sector in the calendar year.
Another Consumer Discretionary stock, which has outperformed the sector so far this year, is Hasbro (HAS - Free Report) . The stock has returned 35.2% year-to-date.
Over the past three months, Hasbro's consensus EPS estimate for the current year has increased 15.6%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Carnival belongs to the Leisure and Recreation Services industry, a group that includes 28 individual stocks and currently sits at #93 in the Zacks Industry Rank. On average, stocks in this group have gained 9.6% this year, meaning that CCL is performing better in terms of year-to-date returns.
On the other hand, Hasbro belongs to the Toys - Games - Hobbies industry. This 3-stock industry is currently ranked #101. The industry has moved +14.3% year to date.
Carnival and Hasbro could continue their solid performance, so investors interested in Consumer Discretionary stocks should continue to pay close attention to these stocks.