Investors focused on the Consumer Discretionary space have likely heard of Electronic Arts (EA - 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.
Electronic Arts is one of 244 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits at #7 within 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 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. EA is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for EA's full-year earnings has moved 7.38% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, EA has gained about 16.75% so far this year. Meanwhile, stocks in the Consumer Discretionary group have gained about 15.19% on average. As we can see, Electronic Arts is performing better than its sector in the calendar year.
Looking more specifically, EA belongs to the Toys - Games - Hobbies industry, which includes 8 individual stocks and currently sits at #48 in the Zacks Industry Rank. On average, stocks in this group have gained 5.43% this year, meaning that EA is performing better in terms of year-to-date returns.
Investors in the Consumer Discretionary sector will want to keep a close eye on EA as it attempts to continue its solid performance.