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Are Consumer Discretionary Stocks Lagging H&R Block (HRB) 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. H&R Block (HRB - 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? Let's take a closer look at the stock's year-to-date performance to find out.
H&R Block 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 groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. H&R Block is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for HRB's full-year earnings has moved 8.1% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that HRB has returned about 2.3% since the start of the calendar year. Meanwhile, stocks in the Consumer Discretionary group have lost about 11.1% on average. This means that H&R Block is outperforming the sector as a whole this year.
Imax (IMAX - 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 38.8%.
Over the past three months, Imax's consensus EPS estimate for the current year has increased 18.2%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, H&R Block belongs to the Consumer Services - Miscellaneous industry, which includes 5 individual stocks and currently sits at #60 in the Zacks Industry Rank.
In contrast, Imax falls under the Film and Television Production and Distribution industry. Currently, this industry has 8 stocks and is ranked #84. Since the beginning of the year, the industry has moved +4.7%.
H&R Block and Imax 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 H&R Block (HRB) This Year?
Investors interested in Consumer Discretionary stocks should always be looking to find the best-performing companies in the group. H&R Block (HRB - 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? Let's take a closer look at the stock's year-to-date performance to find out.
H&R Block 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 groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. H&R Block is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for HRB's full-year earnings has moved 8.1% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that HRB has returned about 2.3% since the start of the calendar year. Meanwhile, stocks in the Consumer Discretionary group have lost about 11.1% on average. This means that H&R Block is outperforming the sector as a whole this year.
Imax (IMAX - 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 38.8%.
Over the past three months, Imax's consensus EPS estimate for the current year has increased 18.2%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, H&R Block belongs to the Consumer Services - Miscellaneous industry, which includes 5 individual stocks and currently sits at #60 in the Zacks Industry Rank.
In contrast, Imax falls under the Film and Television Production and Distribution industry. Currently, this industry has 8 stocks and is ranked #84. Since the beginning of the year, the industry has moved +4.7%.
H&R Block and Imax could continue their solid performance, so investors interested in Consumer Discretionary stocks should continue to pay close attention to these stocks.