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Is Funko (FNKO) Outperforming Other Consumer Discretionary Stocks This Year?
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Investors focused on the Consumer Discretionary space have likely heard of Funko (FNKO - 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.
Funko is one of 244 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits at #11 within the Zacks Sector Rank. 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 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. FNKO is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for FNKO's full-year earnings has moved 9.45% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, FNKO has returned 51.52% so far this year. In comparison, Consumer Discretionary companies have returned an average of 16.42%. 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 16 individual companies and currently sits at #94 in the Zacks Industry Rank. On average, this group has lost an average of 0.73% so far 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.
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Is Funko (FNKO) Outperforming Other Consumer Discretionary Stocks This Year?
Investors focused on the Consumer Discretionary space have likely heard of Funko (FNKO - 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.
Funko is one of 244 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits at #11 within the Zacks Sector Rank. 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 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. FNKO is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for FNKO's full-year earnings has moved 9.45% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, FNKO has returned 51.52% so far this year. In comparison, Consumer Discretionary companies have returned an average of 16.42%. 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 16 individual companies and currently sits at #94 in the Zacks Industry Rank. On average, this group has lost an average of 0.73% so far 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.