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Is The Honest Company (HNST) 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 Honest (HNST - Free Report) been one of those stocks this year? 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.
Honest 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 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. Honest is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for HNST's full-year earnings has moved 9.1% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that HNST has returned about 97.7% since the start of the calendar year. Meanwhile, the Consumer Discretionary sector has returned an average of -6.7% on a year-to-date basis. This means that Honest is outperforming the sector as a whole this year.
Another stock in the Consumer Discretionary sector, Imax (IMAX - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 32.1%.
The consensus estimate for Imax's current year EPS has increased 30.5% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Honest belongs to the Consumer Products - Discretionary industry, a group that includes 28 individual companies and currently sits at #175 in the Zacks Industry Rank. This group has gained an average of 15.6% so far this year, so HNST is performing better in this area.
Imax, however, belongs to the Film and Television Production and Distribution industry. Currently, this 8-stock industry is ranked #9. The industry has moved +8.8% so far this year.
Honest 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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Is The Honest Company (HNST) 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 Honest (HNST - Free Report) been one of those stocks this year? 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.
Honest 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 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. Honest is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for HNST's full-year earnings has moved 9.1% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that HNST has returned about 97.7% since the start of the calendar year. Meanwhile, the Consumer Discretionary sector has returned an average of -6.7% on a year-to-date basis. This means that Honest is outperforming the sector as a whole this year.
Another stock in the Consumer Discretionary sector, Imax (IMAX - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 32.1%.
The consensus estimate for Imax's current year EPS has increased 30.5% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Honest belongs to the Consumer Products - Discretionary industry, a group that includes 28 individual companies and currently sits at #175 in the Zacks Industry Rank. This group has gained an average of 15.6% so far this year, so HNST is performing better in this area.
Imax, however, belongs to the Film and Television Production and Distribution industry. Currently, this 8-stock industry is ranked #9. The industry has moved +8.8% so far this year.
Honest and Imax could continue their solid performance, so investors interested in Consumer Discretionary stocks should continue to pay close attention to these stocks.