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Are Consumer Discretionary Stocks Lagging Airbnb (ABNB) 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. Is Airbnb, Inc. (ABNB - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Consumer Discretionary peers, we might be able to answer that question.
Airbnb, Inc. is one of 259 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit at #11 in the Zacks Sector Rank. 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 system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. 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 5.1% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, ABNB has moved about 37.7% on a year-to-date basis. In comparison, Consumer Discretionary companies have returned an average of -6.9%. This means that Airbnb, Inc. is outperforming the sector as a whole this year.
Another Consumer Discretionary stock, which has outperformed the sector so far this year, is Sony (SONY - Free Report) . The stock has returned 4.3% year-to-date.
The consensus estimate for Sony's current year EPS has increased 4.7% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Airbnb, Inc. belongs to the Leisure and Recreation Services industry, a group that includes 29 individual stocks and currently sits at #151 in the Zacks Industry Rank. On average, stocks in this group have gained 3.2% this year, meaning that ABNB is performing better in terms of year-to-date returns.
In contrast, Sony falls under the Audio Video Production industry. Currently, this industry has 6 stocks and is ranked #65. Since the beginning of the year, the industry has moved +3.6%.
Investors interested in the Consumer Discretionary sector may want to keep a close eye on Airbnb, Inc. and Sony as they attempt to continue their solid performance.
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Are Consumer Discretionary Stocks Lagging Airbnb (ABNB) 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. Is Airbnb, Inc. (ABNB - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Consumer Discretionary peers, we might be able to answer that question.
Airbnb, Inc. is one of 259 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit at #11 in the Zacks Sector Rank. 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 system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. 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 5.1% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, ABNB has moved about 37.7% on a year-to-date basis. In comparison, Consumer Discretionary companies have returned an average of -6.9%. This means that Airbnb, Inc. is outperforming the sector as a whole this year.
Another Consumer Discretionary stock, which has outperformed the sector so far this year, is Sony (SONY - Free Report) . The stock has returned 4.3% year-to-date.
The consensus estimate for Sony's current year EPS has increased 4.7% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Airbnb, Inc. belongs to the Leisure and Recreation Services industry, a group that includes 29 individual stocks and currently sits at #151 in the Zacks Industry Rank. On average, stocks in this group have gained 3.2% this year, meaning that ABNB is performing better in terms of year-to-date returns.
In contrast, Sony falls under the Audio Video Production industry. Currently, this industry has 6 stocks and is ranked #65. Since the beginning of the year, the industry has moved +3.6%.
Investors interested in the Consumer Discretionary sector may want to keep a close eye on Airbnb, Inc. and Sony as they attempt to continue their solid performance.