Investors focused on the Consumer Discretionary space have likely heard of SP Plus (SP Quick QuoteSP - 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.

SP Plus is one of 248 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit at #7 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 proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. SP is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past three months, the Zacks Consensus Estimate for SP's full-year earnings has moved 0.97% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Based on the most recent data, SP has returned 14.93% so far this year. Meanwhile, stocks in the Consumer Discretionary group have gained about 13.64% on average. As we can see, SP Plus is performing better than its sector in the calendar year.

Looking more specifically, SP belongs to the Consumer Services - Miscellaneous industry, which includes 11 individual stocks and currently sits at #88 in the Zacks Industry Rank. On average, stocks in this group have gained 3.61% this year, meaning that SP is performing better in terms of year-to-date returns.

Investors in the Consumer Discretionary sector will want to keep a close eye on SP as it attempts to continue its solid performance.