Investors focused on the Consumer Discretionary space have likely heard of Summer Infant , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of SUMR and the rest of the Consumer Discretionary group's stocks.
Summer Infant is one of 242 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits at #9 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. SUMR is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for SUMR's full-year earnings has moved 50% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, SUMR has gained about 9.33% so far this year. Meanwhile, stocks in the Consumer Discretionary group have gained about 6.31% on average. As we can see, Summer Infant is performing better than its sector in the calendar year.
To break things down more, SUMR belongs to the Consumer Products - Discretionary industry, a group that includes 21 individual companies and currently sits at #67 in the Zacks Industry Rank. On average, stocks in this group have gained 7.91% this year, meaning that SUMR is performing better in terms of year-to-date returns.
Investors in the Consumer Discretionary sector will want to keep a close eye on SUMR as it attempts to continue its solid performance.