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Are Consumer Discretionary Stocks Lagging GameSquare Holdings, Inc. (GAME) This Year?
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For those looking to find strong Consumer Discretionary stocks, it is prudent to search for companies in the group that are outperforming their peers. Has GameSquare Holdings, Inc. (GAME - Free Report) been one of those stocks this year? 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.
GameSquare Holdings, Inc. is one of 260 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit at #9 in 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 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. GameSquare Holdings, Inc. is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for GAME's full-year earnings has moved 200% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that GAME has returned about 7.5% since the start of the calendar year. At the same time, Consumer Discretionary stocks have lost an average of 5.8%. This means that GameSquare Holdings, 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 Life Time Group Holdings, Inc. (LTH - Free Report) . The stock has returned 70.3% year-to-date.
For Life Time Group Holdings, Inc., the consensus EPS estimate for the current year has increased 6.8% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, GameSquare Holdings, Inc. belongs to the Gaming industry, a group that includes 40 individual stocks and currently sits at #195 in the Zacks Industry Rank. On average, this group has lost an average of 24.2% so far this year, meaning that GAME is performing better in terms of year-to-date returns.
In contrast, Life Time Group Holdings, Inc. falls under the Leisure and Recreation Services industry. Currently, this industry has 28 stocks and is ranked #177. Since the beginning of the year, the industry has moved +3.3%.
GameSquare Holdings, Inc. and Life Time Group Holdings, Inc. 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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Are Consumer Discretionary Stocks Lagging GameSquare Holdings, Inc. (GAME) This Year?
For those looking to find strong Consumer Discretionary stocks, it is prudent to search for companies in the group that are outperforming their peers. Has GameSquare Holdings, Inc. (GAME - Free Report) been one of those stocks this year? 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.
GameSquare Holdings, Inc. is one of 260 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit at #9 in 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 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. GameSquare Holdings, Inc. is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for GAME's full-year earnings has moved 200% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that GAME has returned about 7.5% since the start of the calendar year. At the same time, Consumer Discretionary stocks have lost an average of 5.8%. This means that GameSquare Holdings, 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 Life Time Group Holdings, Inc. (LTH - Free Report) . The stock has returned 70.3% year-to-date.
For Life Time Group Holdings, Inc., the consensus EPS estimate for the current year has increased 6.8% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, GameSquare Holdings, Inc. belongs to the Gaming industry, a group that includes 40 individual stocks and currently sits at #195 in the Zacks Industry Rank. On average, this group has lost an average of 24.2% so far this year, meaning that GAME is performing better in terms of year-to-date returns.
In contrast, Life Time Group Holdings, Inc. falls under the Leisure and Recreation Services industry. Currently, this industry has 28 stocks and is ranked #177. Since the beginning of the year, the industry has moved +3.3%.
GameSquare Holdings, Inc. and Life Time Group Holdings, Inc. could continue their solid performance, so investors interested in Consumer Discretionary stocks should continue to pay close attention to these stocks.