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Is Academy Sports and Outdoors (ASO) Outperforming Other Consumer Discretionary Stocks 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. Has Academy Sports and Outdoors, Inc. (ASO - 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.
Academy Sports and Outdoors, Inc. is a member of the Consumer Discretionary sector. This group includes 259 individual stocks and currently holds a Zacks Sector Rank of #12. 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. Academy Sports and Outdoors, Inc. is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for ASO's full-year earnings has moved 2.6% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, ASO has gained about 19.4% so far this year. Meanwhile, stocks in the Consumer Discretionary group have lost about 10.4% on average. This means that Academy Sports and Outdoors, 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 Roku (ROKU - Free Report) . The stock has returned 45.2% year-to-date.
The consensus estimate for Roku's current year EPS has increased 23.1% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Academy Sports and Outdoors, Inc. belongs to the Leisure and Recreation Products industry, which includes 24 individual stocks and currently sits at #67 in the Zacks Industry Rank. This group has lost an average of 26.4% so far this year, so ASO is performing better in this area.
Roku, however, belongs to the Broadcast Radio and Television industry. Currently, this 16-stock industry is ranked #56. The industry has moved -22.4% so far this year.
Investors with an interest in Consumer Discretionary stocks should continue to track Academy Sports and Outdoors, Inc. and Roku. These stocks will be looking to continue their solid performance.
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Is Academy Sports and Outdoors (ASO) Outperforming Other Consumer Discretionary Stocks This Year?
Investors interested in Consumer Discretionary stocks should always be looking to find the best-performing companies in the group. Has Academy Sports and Outdoors, Inc. (ASO - 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.
Academy Sports and Outdoors, Inc. is a member of the Consumer Discretionary sector. This group includes 259 individual stocks and currently holds a Zacks Sector Rank of #12. 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. Academy Sports and Outdoors, Inc. is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for ASO's full-year earnings has moved 2.6% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, ASO has gained about 19.4% so far this year. Meanwhile, stocks in the Consumer Discretionary group have lost about 10.4% on average. This means that Academy Sports and Outdoors, 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 Roku (ROKU - Free Report) . The stock has returned 45.2% year-to-date.
The consensus estimate for Roku's current year EPS has increased 23.1% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Academy Sports and Outdoors, Inc. belongs to the Leisure and Recreation Products industry, which includes 24 individual stocks and currently sits at #67 in the Zacks Industry Rank. This group has lost an average of 26.4% so far this year, so ASO is performing better in this area.
Roku, however, belongs to the Broadcast Radio and Television industry. Currently, this 16-stock industry is ranked #56. The industry has moved -22.4% so far this year.
Investors with an interest in Consumer Discretionary stocks should continue to track Academy Sports and Outdoors, Inc. and Roku. These stocks will be looking to continue their solid performance.