The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Alto Ingredients (ALTO) been one of those stocks this year? 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.
Alto Ingredients is one of 265 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits at #12 within 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Alto Ingredients is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for ALTO's full-year earnings has moved 73% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, ALTO has gained about 57.1% so far this year. At the same time, Consumer Discretionary stocks have gained an average of 0.5%. This means that Alto Ingredients is outperforming the sector as a whole this year.
Another Consumer Discretionary stock, which has outperformed the sector so far this year, is fuboTV Inc. (FUBO). The stock has returned 138.9% year-to-date.
For fuboTV Inc., the consensus EPS estimate for the current year has increased 50% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Alto Ingredients belongs to the Consumer Products - Discretionary industry, a group that includes 26 individual companies and currently sits at #174 in the Zacks Industry Rank. This group has lost an average of 7.6% so far this year, so ALTO is performing better in this area.
In contrast, fuboTV Inc. falls under the Broadcast Radio and Television industry. Currently, this industry has 19 stocks and is ranked #95. Since the beginning of the year, the industry has moved +23%.
Investors interested in the Consumer Discretionary sector may want to keep a close eye on Alto Ingredients and fuboTV Inc. as they attempt to continue their solid performance.
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Alto Ingredients, Inc. (ALTO): Free Stock Analysis Report fuboTV Inc. (FUBO): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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