Investors focused on the Consumer Discretionary space have likely heard of Glu Mobile (GLUU - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Discretionary sector should help us answer this question.
Glu Mobile is a member of the Consumer Discretionary sector. This group includes 244 individual stocks and currently holds a Zacks Sector Rank of #6. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. GLUU is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for GLUU's full-year earnings has moved 4.44% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, GLUU has moved about 9.67% on a year-to-date basis. Meanwhile, the Consumer Discretionary sector has returned an average of 16.42% on a year-to-date basis. This means that Glu Mobile is outperforming the sector as a whole this year.
Breaking things down more, GLUU is a member of the Toys - Games - Hobbies industry, which includes 8 individual companies and currently sits at #13 in the Zacks Industry Rank. On average, stocks in this group have gained 3.80% this year, meaning that GLUU is performing better in terms of year-to-date returns.
Investors in the Consumer Discretionary sector will want to keep a close eye on GLUU as it attempts to continue its solid performance.