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Is Boyd Gaming (BYD) Stock Outpacing Its Consumer Discretionary Peers This Year?

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Investors focused on the Consumer Discretionary space have likely heard of Boyd Gaming (BYD - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? 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.

Boyd Gaming is a member of the Consumer Discretionary sector. This group includes 245 individual stocks and currently holds a Zacks Sector Rank of #9. 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 is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. BYD is currently sporting a Zacks Rank of #2 (Buy).

Over the past 90 days, the Zacks Consensus Estimate for BYD's full-year earnings has moved 5.54% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

According to our latest data, BYD has moved about 8.73% on a year-to-date basis. Meanwhile, the Consumer Discretionary sector has returned an average of 7.82% on a year-to-date basis. This shows that Boyd Gaming is outperforming its peers so far this year.

Looking more specifically, BYD belongs to the Gaming industry, a group that includes 21 individual stocks and currently sits at #111 in the Zacks Industry Rank. On average, stocks in this group have gained 3.71% this year, meaning that BYD is performing better in terms of year-to-date returns.

Investors in the Consumer Discretionary sector will want to keep a close eye on BYD as it attempts to continue its solid performance.


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