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 Airbnb (ABNB) Stock Outpacing Its Consumer Discretionary Peers This Year?
Read MoreHide Full Article
The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Airbnb, Inc. (ABNB - 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? 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.
Airbnb, Inc. is a member of the Consumer Discretionary sector. This group includes 260 individual stocks and currently holds a Zacks Sector Rank of #12. 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 model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Airbnb, Inc. is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for ABNB's full-year earnings has moved 7.5% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, ABNB has returned 18.2% so far this year. Meanwhile, the Consumer Discretionary sector has returned an average of -12.1% on a year-to-date basis. As we can see, Airbnb, Inc. is performing better than its sector in the calendar year.
Another stock in the Consumer Discretionary sector, Carter's (CRI - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 4.3%.
Over the past three months, Carter's' consensus EPS estimate for the current year has increased 6.2%. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Airbnb, Inc. belongs to the Leisure and Recreation Services industry, a group that includes 29 individual companies and currently sits at #181 in the Zacks Industry Rank. On average, this group has lost an average of 8.2% so far this year, meaning that ABNB is performing better in terms of year-to-date returns.
Carter's, however, belongs to the Shoes and Retail Apparel industry. Currently, this 10-stock industry is ranked #223. The industry has moved -40.1% so far this year.
Going forward, investors interested in Consumer Discretionary stocks should continue to pay close attention to Airbnb, Inc. and Carter's as they could maintain their solid performance.
View the Zacks #1 Rank List
Image: Bigstock
Is Airbnb (ABNB) 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. Airbnb, Inc. (ABNB - 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? 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.
Airbnb, Inc. is a member of the Consumer Discretionary sector. This group includes 260 individual stocks and currently holds a Zacks Sector Rank of #12. 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 model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Airbnb, Inc. is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for ABNB's full-year earnings has moved 7.5% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, ABNB has returned 18.2% so far this year. Meanwhile, the Consumer Discretionary sector has returned an average of -12.1% on a year-to-date basis. As we can see, Airbnb, Inc. is performing better than its sector in the calendar year.
Another stock in the Consumer Discretionary sector, Carter's (CRI - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 4.3%.
Over the past three months, Carter's' consensus EPS estimate for the current year has increased 6.2%. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Airbnb, Inc. belongs to the Leisure and Recreation Services industry, a group that includes 29 individual companies and currently sits at #181 in the Zacks Industry Rank. On average, this group has lost an average of 8.2% so far this year, meaning that ABNB is performing better in terms of year-to-date returns.
Carter's, however, belongs to the Shoes and Retail Apparel industry. Currently, this 10-stock industry is ranked #223. The industry has moved -40.1% so far this year.
Going forward, investors interested in Consumer Discretionary stocks should continue to pay close attention to Airbnb, Inc. and Carter's as they could maintain their solid performance.