Investors focused on the Consumer Discretionary space have likely heard of Royal Caribbean Cruises (RCL - 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.
Royal Caribbean Cruises is a member of our Consumer Discretionary group, which includes 250 different companies and currently sits at #8 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 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. RCL is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for RCL's full-year earnings has moved 1.02% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, RCL has moved about 18.29% on a year-to-date basis. At the same time, Consumer Discretionary stocks have gained an average of 10.72%. This means that Royal Caribbean Cruises is performing better than its sector in terms of year-to-date returns.
Looking more specifically, RCL belongs to the Leisure and Recreation Services industry, which includes 29 individual stocks and currently sits at #89 in the Zacks Industry Rank. This group has gained an average of 11.33% so far this year, so RCL is performing better in this area.
RCL will likely be looking to continue its solid performance, so investors interested in Consumer Discretionary stocks should continue to pay close attention to the company.