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Are Consumer Discretionary Stocks Lagging Roku (ROKU) 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. Is Roku (ROKU - Free Report) one of those stocks right now? 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.
Roku is one of 260 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit at #11 in the Zacks Sector Rank. 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. Roku is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for ROKU's full-year earnings has moved 16.2% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, ROKU has moved about 47.8% on a year-to-date basis. At the same time, Consumer Discretionary stocks have lost an average of 7.1%. This shows that Roku is outperforming its peers so far this year.
Another Consumer Discretionary stock, which has outperformed the sector so far this year, is LuxExperience B.V. - Sponsored ADR (LUXE - Free Report) . The stock has returned 20.5% year-to-date.
For LuxExperience B.V. - Sponsored ADR, the consensus EPS estimate for the current year has increased 44.7% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Roku belongs to the Broadcast Radio and Television industry, a group that includes 16 individual stocks and currently sits at #109 in the Zacks Industry Rank. This group has lost an average of 24.4% so far this year, so ROKU is performing better in this area.
In contrast, LuxExperience B.V. - Sponsored ADR falls under the Textile - Apparel industry. Currently, this industry has 23 stocks and is ranked #154. Since the beginning of the year, the industry has moved +2.1%.
Roku and LuxExperience B.V. - Sponsored ADR could continue their solid performance, so investors interested in Consumer Discretionary stocks should continue to pay close attention to these stocks.
View the Zacks #1 Rank List
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Are Consumer Discretionary Stocks Lagging Roku (ROKU) This Year?
The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Roku (ROKU - Free Report) one of those stocks right now? 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.
Roku is one of 260 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit at #11 in the Zacks Sector Rank. 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. Roku is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for ROKU's full-year earnings has moved 16.2% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, ROKU has moved about 47.8% on a year-to-date basis. At the same time, Consumer Discretionary stocks have lost an average of 7.1%. This shows that Roku is outperforming its peers so far this year.
Another Consumer Discretionary stock, which has outperformed the sector so far this year, is LuxExperience B.V. - Sponsored ADR (LUXE - Free Report) . The stock has returned 20.5% year-to-date.
For LuxExperience B.V. - Sponsored ADR, the consensus EPS estimate for the current year has increased 44.7% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Roku belongs to the Broadcast Radio and Television industry, a group that includes 16 individual stocks and currently sits at #109 in the Zacks Industry Rank. This group has lost an average of 24.4% so far this year, so ROKU is performing better in this area.
In contrast, LuxExperience B.V. - Sponsored ADR falls under the Textile - Apparel industry. Currently, this industry has 23 stocks and is ranked #154. Since the beginning of the year, the industry has moved +2.1%.
Roku and LuxExperience B.V. - Sponsored ADR could continue their solid performance, so investors interested in Consumer Discretionary stocks should continue to pay close attention to these stocks.