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.
Are Consumer Discretionary Stocks Lagging GDEV Inc. (GDEV) This Year?
Read MoreHide Full Article
The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. GDEV Inc. (GDEV - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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 one of 264 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits at #7 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. GDEV Inc. is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for GDEV's full-year earnings has moved 31.6% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, GDEV has returned 83% so far this year. In comparison, Consumer Discretionary companies have returned an average of 7.9%. This means that GDEV Inc. is performing better than its sector in terms of year-to-date returns.
Another Consumer Discretionary stock, which has outperformed the sector so far this year, is Red Rock Resorts (RRR - Free Report) . The stock has returned 23.9% year-to-date.
Over the past three months, Red Rock Resorts' consensus EPS estimate for the current year has increased 13%. 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 #63 in the Zacks Industry Rank. This group has gained an average of 18.3% so far this year, so GDEV is performing better in this area. Red Rock Resorts is also part of the same industry.
Investors with an interest in Consumer Discretionary stocks should continue to track GDEV Inc. and Red Rock Resorts. 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
Are Consumer Discretionary Stocks Lagging GDEV Inc. (GDEV) This Year?
The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. GDEV Inc. (GDEV - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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 one of 264 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits at #7 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. GDEV Inc. is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for GDEV's full-year earnings has moved 31.6% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, GDEV has returned 83% so far this year. In comparison, Consumer Discretionary companies have returned an average of 7.9%. This means that GDEV Inc. is performing better than its sector in terms of year-to-date returns.
Another Consumer Discretionary stock, which has outperformed the sector so far this year, is Red Rock Resorts (RRR - Free Report) . The stock has returned 23.9% year-to-date.
Over the past three months, Red Rock Resorts' consensus EPS estimate for the current year has increased 13%. 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 #63 in the Zacks Industry Rank. This group has gained an average of 18.3% so far this year, so GDEV is performing better in this area. Red Rock Resorts is also part of the same industry.
Investors with an interest in Consumer Discretionary stocks should continue to track GDEV Inc. and Red Rock Resorts. These stocks will be looking to continue their solid performance.