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Is Accel Entertainment (ACEL) Stock Outpacing Its Consumer Discretionary Peers 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 Accel Entertainment (ACEL - Free Report) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Accel Entertainment is one of 259 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits at #9 within 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. Accel Entertainment is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for ACEL's full-year earnings has moved 4.7% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, ACEL has returned 6.4% so far this year. Meanwhile, the Consumer Discretionary sector has returned an average of -11% on a year-to-date basis. This shows that Accel Entertainment is outperforming its peers so far this year.
Colruyt SA Unsponsored ADR (CUYTY - 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 15.7%.
In Colruyt SA Unsponsored ADR's case, the consensus EPS estimate for the current year increased 5.1% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Accel Entertainment is a member of the Gaming industry, which includes 41 individual companies and currently sits at #176 in the Zacks Industry Rank. On average, stocks in this group have lost 16.9% this year, meaning that ACEL is performing better in terms of year-to-date returns.
Colruyt SA Unsponsored ADR, however, belongs to the Consumer Products - Discretionary industry. Currently, this 27-stock industry is ranked #189. The industry has moved +8.9% so far this year.
Going forward, investors interested in Consumer Discretionary stocks should continue to pay close attention to Accel Entertainment and Colruyt SA Unsponsored ADR as they could maintain their solid performance.
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Is Accel Entertainment (ACEL) 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. Is Accel Entertainment (ACEL - Free Report) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Accel Entertainment is one of 259 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits at #9 within 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. Accel Entertainment is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for ACEL's full-year earnings has moved 4.7% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, ACEL has returned 6.4% so far this year. Meanwhile, the Consumer Discretionary sector has returned an average of -11% on a year-to-date basis. This shows that Accel Entertainment is outperforming its peers so far this year.
Colruyt SA Unsponsored ADR (CUYTY - 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 15.7%.
In Colruyt SA Unsponsored ADR's case, the consensus EPS estimate for the current year increased 5.1% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Accel Entertainment is a member of the Gaming industry, which includes 41 individual companies and currently sits at #176 in the Zacks Industry Rank. On average, stocks in this group have lost 16.9% this year, meaning that ACEL is performing better in terms of year-to-date returns.
Colruyt SA Unsponsored ADR, however, belongs to the Consumer Products - Discretionary industry. Currently, this 27-stock industry is ranked #189. The industry has moved +8.9% so far this year.
Going forward, investors interested in Consumer Discretionary stocks should continue to pay close attention to Accel Entertainment and Colruyt SA Unsponsored ADR as they could maintain their solid performance.