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Is Covista Inc. (CVSA) 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. Has Covista (CVSA - 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.
Covista is one of 260 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits at #11 within the Zacks Sector Rank. 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 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. Covista is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for CVSA's full-year earnings has moved 2.8% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that CVSA has returned about 18.4% since the start of the calendar year. At the same time, Consumer Discretionary stocks have lost an average of 9.5%. As we can see, Covista is performing better than its sector in the calendar year.
One other Consumer Discretionary stock that has outperformed the sector so far this year is Flexsteel Industries (FLXS - Free Report) . The stock is up 85.2% year-to-date.
The consensus estimate for Flexsteel Industries' current year EPS has increased 6.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Covista is a member of the Schools industry, which includes 19 individual companies and currently sits at #102 in the Zacks Industry Rank. On average, this group has lost an average of 5% so far this year, meaning that CVSA is performing better in terms of year-to-date returns.
Flexsteel Industries, however, belongs to the Furniture industry. Currently, this 5-stock industry is ranked #178. The industry has moved -20.7% so far this year.
Covista and Flexsteel Industries 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 Covista Inc. (CVSA) 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. Has Covista (CVSA - 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.
Covista is one of 260 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits at #11 within the Zacks Sector Rank. 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 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. Covista is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for CVSA's full-year earnings has moved 2.8% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that CVSA has returned about 18.4% since the start of the calendar year. At the same time, Consumer Discretionary stocks have lost an average of 9.5%. As we can see, Covista is performing better than its sector in the calendar year.
One other Consumer Discretionary stock that has outperformed the sector so far this year is Flexsteel Industries (FLXS - Free Report) . The stock is up 85.2% year-to-date.
The consensus estimate for Flexsteel Industries' current year EPS has increased 6.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Covista is a member of the Schools industry, which includes 19 individual companies and currently sits at #102 in the Zacks Industry Rank. On average, this group has lost an average of 5% so far this year, meaning that CVSA is performing better in terms of year-to-date returns.
Flexsteel Industries, however, belongs to the Furniture industry. Currently, this 5-stock industry is ranked #178. The industry has moved -20.7% so far this year.
Covista and Flexsteel Industries could continue their solid performance, so investors interested in Consumer Discretionary stocks should continue to pay close attention to these stocks.