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 #7. 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. RCII is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for RCII's full-year earnings has moved 12.84% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, RCII has gained about 45.77% so far this year. In comparison, Consumer Discretionary companies have returned an average of 18.13%. This means that Rent-A-Center is outperforming the sector as a whole this year.
Looking more specifically, RCII belongs to the Consumer Services - Miscellaneous industry, which includes 10 individual stocks and currently sits at #81 in the Zacks Industry Rank. Stocks in this group have gained about 6.80% so far this year, so RCII is performing better this group in terms of year-to-date returns.
Investors with an interest in Consumer Discretionary stocks should continue to track RCII. The stock will be looking to continue its solid performance.