The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is The Beachbody Company, Inc. (BODI) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Discretionary sector should help us answer this question.
The Beachbody Company, Inc. is a member of the Consumer Discretionary sector. This group includes 265 individual stocks and currently holds a Zacks Sector Rank of #9. 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 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. The Beachbody Company, Inc. is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for BODI's full-year earnings has moved 61.2% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, BODI has returned 83.7% so far this year. Meanwhile, the Consumer Discretionary sector has returned an average of 2.5% on a year-to-date basis. This means that The Beachbody Company, Inc. is outperforming the sector as a whole this year.
One other Consumer Discretionary stock that has outperformed the sector so far this year is Adtalem Global Education (ATGE). The stock is up 10.7% year-to-date.
In Adtalem Global Education's case, the consensus EPS estimate for the current year increased 1.5% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, The Beachbody Company, Inc. belongs to the Consumer Services - Miscellaneous industry, which includes 6 individual stocks and currently sits at #46 in the Zacks Industry Rank. Stocks in this group have lost about 14.7% so far this year, so BODI is performing better this group in terms of year-to-date returns.
Adtalem Global Education, however, belongs to the Schools industry. Currently, this 19-stock industry is ranked #67. The industry has moved -1.7% so far this year.
The Beachbody Company, Inc. and Adtalem Global Education could continue their solid performance, so investors interested in Consumer Discretionary stocks should continue to pay close attention to these stocks.
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
The Beachbody Company, Inc. (BODI): Free Stock Analysis Report Adtalem Global Education Inc. (ATGE): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
