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Is Clarus (CLAR) Stock Outpacing Its Consumer Discretionary Peers 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. Has Clarus Corporation (CLAR - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Clarus Corporation is a member of the Consumer Discretionary sector. This group includes 261 individual stocks and currently holds a Zacks Sector Rank of #14. 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. Clarus Corporation is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for CLAR's full-year earnings has moved 5400% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, CLAR has gained about 0.9% so far this year. Meanwhile, stocks in the Consumer Discretionary group have lost about 15.2% on average. This shows that Clarus Corporation is outperforming its peers so far this year.
Another Consumer Discretionary stock, which has outperformed the sector so far this year, is Newsmax (NMAX - Free Report) . The stock has returned 27.7% year-to-date.
Over the past three months, Newsmax's consensus EPS estimate for the current year has increased 71.4%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Clarus Corporation belongs to the Leisure and Recreation Products industry, which includes 24 individual stocks and currently sits at #173 in the Zacks Industry Rank. This group has lost an average of 31% so far this year, so CLAR is performing better in this area.
On the other hand, Newsmax belongs to the Broadcast Radio and Television industry. This 17-stock industry is currently ranked #100. The industry has moved -20.2% year to date.
Going forward, investors interested in Consumer Discretionary stocks should continue to pay close attention to Clarus Corporation and Newsmax as they could maintain their solid performance.
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Is Clarus (CLAR) Stock Outpacing Its Consumer Discretionary Peers This Year?
The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Clarus Corporation (CLAR - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Clarus Corporation is a member of the Consumer Discretionary sector. This group includes 261 individual stocks and currently holds a Zacks Sector Rank of #14. 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. Clarus Corporation is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for CLAR's full-year earnings has moved 5400% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, CLAR has gained about 0.9% so far this year. Meanwhile, stocks in the Consumer Discretionary group have lost about 15.2% on average. This shows that Clarus Corporation is outperforming its peers so far this year.
Another Consumer Discretionary stock, which has outperformed the sector so far this year, is Newsmax (NMAX - Free Report) . The stock has returned 27.7% year-to-date.
Over the past three months, Newsmax's consensus EPS estimate for the current year has increased 71.4%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Clarus Corporation belongs to the Leisure and Recreation Products industry, which includes 24 individual stocks and currently sits at #173 in the Zacks Industry Rank. This group has lost an average of 31% so far this year, so CLAR is performing better in this area.
On the other hand, Newsmax belongs to the Broadcast Radio and Television industry. This 17-stock industry is currently ranked #100. The industry has moved -20.2% year to date.
Going forward, investors interested in Consumer Discretionary stocks should continue to pay close attention to Clarus Corporation and Newsmax as they could maintain their solid performance.