Investors focused on the Consumer Discretionary space have likely heard of Weight Watchers International (WTW - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? 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.
Weight Watchers International is one of 242 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits at #10 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. WTW is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for WTW's full-year earnings has moved 2.65% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, WTW has returned 64.57% so far this year. Meanwhile, the Consumer Discretionary sector has returned an average of 5.42% on a year-to-date basis. This means that Weight Watchers International is outperforming the sector as a whole this year.
To break things down more, WTW belongs to the Consumer Services - Miscellaneous industry, a group that includes 9 individual companies and currently sits at #72 in the Zacks Industry Rank. On average, stocks in this group have gained 9.56% this year, meaning that WTW is performing better in terms of year-to-date returns.
Going forward, investors interested in Consumer Discretionary stocks should continue to pay close attention to WTW as it looks to continue its solid performance.