Investors interested in Consumer Discretionary stocks should always be looking to find the best-performing companies in the group. Has K12 (LRN) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
K12 is one of 264 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit at #9 in 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 system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. K12 is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for LRN's full-year earnings has moved 13.6% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that LRN has returned about 47.7% since the start of the calendar year. Meanwhile, the Consumer Discretionary sector has returned an average of -1.3% on a year-to-date basis. This means that K12 is performing better than its sector in terms of year-to-date returns.
One other Consumer Discretionary stock that has outperformed the sector so far this year is MasterCraft Boat Holdings, Inc. (MCFT). The stock is up 17.7% year-to-date.
Over the past three months, MasterCraft Boat Holdings, Inc.'s consensus EPS estimate for the current year has increased 13.5%. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, K12 belongs to the Schools industry, a group that includes 19 individual companies and currently sits at #165 in the Zacks Industry Rank. Stocks in this group have gained about 14.5% so far this year, so LRN is performing better this group in terms of year-to-date returns.
MasterCraft Boat Holdings, Inc., however, belongs to the Leisure and Recreation Products industry. Currently, this 24-stock industry is ranked #46. The industry has moved +3.3% so far this year.
Investors interested in the Consumer Discretionary sector may want to keep a close eye on K12 and MasterCraft Boat Holdings, Inc. as they attempt to continue their solid performance.
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Stride, Inc. (LRN): Free Stock Analysis Report MASTERCRAFT BOAT HOLDINGS, INC. (MCFT): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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