The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Amer Sports, Inc. (AS) 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.
Amer Sports, Inc. is a member of the Consumer Discretionary sector. This group includes 265 individual stocks and currently holds a Zacks Sector Rank of #12. 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. Amer Sports, Inc. is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for AS' full-year earnings has moved 11.4% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, AS has returned 28.9% so far this year. Meanwhile, stocks in the Consumer Discretionary group have lost about 0.4% on average. As we can see, Amer Sports, Inc. is performing better than its sector in the calendar year.
Gildan Activewear (GIL) is another Consumer Discretionary stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 20.9%.
Over the past three months, Gildan Activewear's consensus EPS estimate for the current year has increased 0.2%. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Amer Sports, Inc. is a member of the Leisure and Recreation Products industry, which includes 24 individual companies and currently sits at #94 in the Zacks Industry Rank. This group has lost an average of 1.8% so far this year, so AS is performing better in this area.
On the other hand, Gildan Activewear belongs to the Textile - Apparel industry. This 22-stock industry is currently ranked #81. The industry has moved -19.1% year to date.
Going forward, investors interested in Consumer Discretionary stocks should continue to pay close attention to Amer Sports, Inc. and Gildan Activewear as they could maintain their solid performance.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Amer Sports, Inc. (AS): Free Stock Analysis Report Gildan Activewear, Inc. (GIL): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
