The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Funko (FNKO - 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.
Funko is a member of our Consumer Discretionary group, which includes 251 different companies and currently sits at #6 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. FNKO is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for FNKO's full-year earnings has moved 20.97% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, FNKO has moved about 55.21% on a year-to-date basis. Meanwhile, the Consumer Discretionary sector has returned an average of 14.52% on a year-to-date basis. As we can see, Funko is performing better than its sector in the calendar year.
Breaking things down more, FNKO is a member of the Consumer Products - Discretionary industry, which includes 22 individual companies and currently sits at #166 in the Zacks Industry Rank. On average, stocks in this group have gained 2.28% this year, meaning that FNKO is performing better in terms of year-to-date returns.
FNKO 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.