Investors focused on the Consumer Discretionary space have likely heard of Rent-A-Center (RCII - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.
Rent-A-Center is a member of the Consumer Discretionary sector. This group includes 244 individual stocks and currently holds a Zacks Sector Rank of #9. 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. RCII is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for RCII's full-year earnings has moved 9.13% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that RCII has returned about 63.37% since the start of the calendar year. At the same time, Consumer Discretionary stocks have gained an average of 20.13%. This shows that Rent-A-Center is outperforming its peers so far this year.
Looking more specifically, RCII belongs to the Consumer Services - Miscellaneous industry, a group that includes 10 individual stocks and currently sits at #41 in the Zacks Industry Rank. On average, stocks in this group have gained 8.81% this year, meaning that RCII is performing better in terms of year-to-date returns.
Going forward, investors interested in Consumer Discretionary stocks should continue to pay close attention to RCII as it looks to continue its solid performance.