Investors interested in Consumer Discretionary stocks should always be looking to find the best-performing companies in the group. Has Take-Two Interactive Software (TTWO - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Take-Two Interactive Software is one of 258 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit at #11 in 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 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. TTWO is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for TTWO's full-year earnings has moved 10.54% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, TTWO has moved about 0.60% on a year-to-date basis. At the same time, Consumer Discretionary stocks have lost an average of 2.78%. This means that Take-Two Interactive Software is outperforming the sector as a whole this year.
Breaking things down more, TTWO is a member of the Toys - Games - Hobbies industry, which includes 8 individual companies and currently sits at #171 in the Zacks Industry Rank. This group has lost an average of 13.33% so far this year, so TTWO is performing better in this area.
Investors in the Consumer Discretionary sector will want to keep a close eye on TTWO as it attempts to continue its solid performance.