The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Funko (FNKO - Free Report) one of those stocks right now? 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.
Funko is a member of the Consumer Discretionary sector. This group includes 249 individual stocks and currently holds a Zacks Sector Rank of #11. 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 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. FNKO is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for FNKO's full-year earnings has moved 11.24% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, FNKO has returned 77.72% so far this year. Meanwhile, the Consumer Discretionary sector has returned an average of 15.79% on a year-to-date basis. This means that Funko is performing better than its sector in terms of year-to-date returns.
Breaking things down more, FNKO is a member of the Consumer Products - Discretionary industry, which includes 20 individual companies and currently sits at #110 in the Zacks Industry Rank. On average, stocks in this group have lost 7.55% this year, meaning that FNKO is performing better in terms of year-to-date returns.
Investors in the Consumer Discretionary sector will want to keep a close eye on FNKO as it attempts to continue its solid performance.