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Is Life Time Group Holdings (LTH) Outperforming 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. Life Time Group Holdings, Inc. (LTH - 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.
Life Time Group Holdings, Inc. is a member of our Consumer Discretionary group, which includes 246 different companies and currently sits at #2 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. Life Time Group Holdings, Inc. is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for LTH's full-year earnings has moved 6.3% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, LTH has returned 4.2% so far this year. Meanwhile, the Consumer Discretionary sector has returned an average of -2.7% on a year-to-date basis. This means that Life Time Group Holdings, Inc. is outperforming the sector as a whole this year.
One other Consumer Discretionary stock that has outperformed the sector so far this year is Perdoceo Education (PRDO - Free Report) . The stock is up 20.9% year-to-date.
In Perdoceo Education's case, the consensus EPS estimate for the current year increased 9.7% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Life Time Group Holdings, Inc. belongs to the Leisure and Recreation Services industry, a group that includes 28 individual stocks and currently sits at #146 in the Zacks Industry Rank. On average, stocks in this group have lost 5.5% this year, meaning that LTH is performing better in terms of year-to-date returns.
On the other hand, Perdoceo Education belongs to the Schools industry. This 18-stock industry is currently ranked #29. The industry has moved +8.4% year to date.
Going forward, investors interested in Consumer Discretionary stocks should continue to pay close attention to Life Time Group Holdings, Inc. and Perdoceo Education as they could maintain their solid performance.
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Is Life Time Group Holdings (LTH) Outperforming 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. Life Time Group Holdings, Inc. (LTH - 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.
Life Time Group Holdings, Inc. is a member of our Consumer Discretionary group, which includes 246 different companies and currently sits at #2 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. Life Time Group Holdings, Inc. is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for LTH's full-year earnings has moved 6.3% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, LTH has returned 4.2% so far this year. Meanwhile, the Consumer Discretionary sector has returned an average of -2.7% on a year-to-date basis. This means that Life Time Group Holdings, Inc. is outperforming the sector as a whole this year.
One other Consumer Discretionary stock that has outperformed the sector so far this year is Perdoceo Education (PRDO - Free Report) . The stock is up 20.9% year-to-date.
In Perdoceo Education's case, the consensus EPS estimate for the current year increased 9.7% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Life Time Group Holdings, Inc. belongs to the Leisure and Recreation Services industry, a group that includes 28 individual stocks and currently sits at #146 in the Zacks Industry Rank. On average, stocks in this group have lost 5.5% this year, meaning that LTH is performing better in terms of year-to-date returns.
On the other hand, Perdoceo Education belongs to the Schools industry. This 18-stock industry is currently ranked #29. The industry has moved +8.4% year to date.
Going forward, investors interested in Consumer Discretionary stocks should continue to pay close attention to Life Time Group Holdings, Inc. and Perdoceo Education as they could maintain their solid performance.