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Is Bandai Namco Holdings Inc. - Unsponsored ADR (NCBDY) Outperforming Other Consumer Discretionary Stocks 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. Bandai Namco Holdings Inc. - Unsponsored ADR (NCBDY - 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.
Bandai Namco Holdings Inc. - Unsponsored ADR is a member of our Consumer Discretionary group, which includes 261 different companies and currently sits at #11 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. Bandai Namco Holdings Inc. - Unsponsored ADR is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for NCBDY's full-year earnings has moved 10.7% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, NCBDY has moved about 35.2% on a year-to-date basis. At the same time, Consumer Discretionary stocks have lost an average of 8.4%. As we can see, Bandai Namco Holdings Inc. - Unsponsored ADR is performing better than its sector in the calendar year.
Another stock in the Consumer Discretionary sector, Oriental Land (OLCLY - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 8.1%.
For Oriental Land, the consensus EPS estimate for the current year has increased 10.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Bandai Namco Holdings Inc. - Unsponsored ADR belongs to the Leisure and Recreation Products industry, a group that includes 24 individual companies and currently sits at #153 in the Zacks Industry Rank. On average, this group has lost an average of 27% so far this year, meaning that NCBDY is performing better in terms of year-to-date returns.
On the other hand, Oriental Land belongs to the Hotels and Motels industry. This 15-stock industry is currently ranked #160. The industry has moved +6.5% year to date.
Bandai Namco Holdings Inc. - Unsponsored ADR and Oriental Land 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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Is Bandai Namco Holdings Inc. - Unsponsored ADR (NCBDY) Outperforming Other Consumer Discretionary Stocks 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. Bandai Namco Holdings Inc. - Unsponsored ADR (NCBDY - 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.
Bandai Namco Holdings Inc. - Unsponsored ADR is a member of our Consumer Discretionary group, which includes 261 different companies and currently sits at #11 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. Bandai Namco Holdings Inc. - Unsponsored ADR is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for NCBDY's full-year earnings has moved 10.7% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, NCBDY has moved about 35.2% on a year-to-date basis. At the same time, Consumer Discretionary stocks have lost an average of 8.4%. As we can see, Bandai Namco Holdings Inc. - Unsponsored ADR is performing better than its sector in the calendar year.
Another stock in the Consumer Discretionary sector, Oriental Land (OLCLY - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 8.1%.
For Oriental Land, the consensus EPS estimate for the current year has increased 10.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Bandai Namco Holdings Inc. - Unsponsored ADR belongs to the Leisure and Recreation Products industry, a group that includes 24 individual companies and currently sits at #153 in the Zacks Industry Rank. On average, this group has lost an average of 27% so far this year, meaning that NCBDY is performing better in terms of year-to-date returns.
On the other hand, Oriental Land belongs to the Hotels and Motels industry. This 15-stock industry is currently ranked #160. The industry has moved +6.5% year to date.
Bandai Namco Holdings Inc. - Unsponsored ADR and Oriental Land could continue their solid performance, so investors interested in Consumer Discretionary stocks should continue to pay close attention to these stocks.