For those looking to find strong Consumer Discretionary stocks, it is prudent to search for companies in the group that are outperforming their peers. SodaStream International is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of SODA and the rest of the Consumer Discretionary group's stocks.
SodaStream International is a member of our Consumer Discretionary group, which includes 246 different companies and currently sits at #11 in 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 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. SODA is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for SODA's full-year earnings has moved 4.57% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, SODA has gained about 28.93% so far this year. Meanwhile, the Consumer Discretionary sector has returned an average of 6.51% on a year-to-date basis. As we can see, SodaStream International is performing better than its sector in the calendar year.
Looking more specifically, SODA belongs to the Consumer Products - Discretionary industry, a group that includes 21 individual stocks and currently sits at #177 in the Zacks Industry Rank. On average, this group has gained an average of 4.33% so far this year, meaning that SODA is performing better in terms of year-to-date returns.
SODA will likely be looking to continue its solid performance, so investors interested Consumer Discretionary stocks should continue to pay close attention to the company.