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 Codere Online Luxembourg (CDRO) 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. Codere Online Luxembourg, S.A. (CDRO - 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.
Codere Online Luxembourg, S.A. is a member of the Consumer Discretionary sector. This group includes 246 individual stocks and currently holds a Zacks Sector Rank of #7. 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 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. Codere Online Luxembourg, S.A. is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for CDRO's full-year earnings has moved 1.3% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, CDRO has returned 18.9% so far this year. Meanwhile, the Consumer Discretionary sector has returned an average of -9.7% on a year-to-date basis. This means that Codere Online Luxembourg, S.A. is performing better than its sector in terms of year-to-date returns.
Traeger (COOK - Free Report) is another Consumer Discretionary stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 14.6%.
The consensus estimate for Traeger's current year EPS has increased 36.7% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Codere Online Luxembourg, S.A. belongs to the Gaming industry, a group that includes 38 individual companies and currently sits at #162 in the Zacks Industry Rank. On average, stocks in this group have lost 20.1% this year, meaning that CDRO is performing better in terms of year-to-date returns.
On the other hand, Traeger belongs to the Consumer Products - Discretionary industry. This 26-stock industry is currently ranked #99. The industry has moved -2.9% year to date.
Investors interested in the Consumer Discretionary sector may want to keep a close eye on Codere Online Luxembourg, S.A. and Traeger as they attempt to continue their solid performance.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Is Codere Online Luxembourg (CDRO) 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. Codere Online Luxembourg, S.A. (CDRO - 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.
Codere Online Luxembourg, S.A. is a member of the Consumer Discretionary sector. This group includes 246 individual stocks and currently holds a Zacks Sector Rank of #7. 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 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. Codere Online Luxembourg, S.A. is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for CDRO's full-year earnings has moved 1.3% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, CDRO has returned 18.9% so far this year. Meanwhile, the Consumer Discretionary sector has returned an average of -9.7% on a year-to-date basis. This means that Codere Online Luxembourg, S.A. is performing better than its sector in terms of year-to-date returns.
Traeger (COOK - Free Report) is another Consumer Discretionary stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 14.6%.
The consensus estimate for Traeger's current year EPS has increased 36.7% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Codere Online Luxembourg, S.A. belongs to the Gaming industry, a group that includes 38 individual companies and currently sits at #162 in the Zacks Industry Rank. On average, stocks in this group have lost 20.1% this year, meaning that CDRO is performing better in terms of year-to-date returns.
On the other hand, Traeger belongs to the Consumer Products - Discretionary industry. This 26-stock industry is currently ranked #99. The industry has moved -2.9% year to date.
Investors interested in the Consumer Discretionary sector may want to keep a close eye on Codere Online Luxembourg, S.A. and Traeger as they attempt to continue their solid performance.