For those looking to find strong Consumer Discretionary stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Alto Ingredients (ALTO) 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.
Alto Ingredients is a member of our Consumer Discretionary group, which includes 264 different companies and currently sits at #12 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 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. Alto Ingredients is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, 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.
According to our latest data, ALTO has moved about 86.5% on a year-to-date basis. At the same time, Consumer Discretionary stocks have gained an average of 2.9%. This means that Alto Ingredients is outperforming the sector as a whole this year.
One other Consumer Discretionary stock that has outperformed the sector so far this year is Fox (FOXA). The stock is up 51.7% year-to-date.
The consensus estimate for Fox's current year EPS has increased 5.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Alto Ingredients is a member of the Consumer Products - Discretionary industry, which includes 26 individual companies and currently sits at #171 in the Zacks Industry Rank. On average, stocks in this group have lost 5.8% this year, meaning that ALTO is performing better in terms of year-to-date returns.
On the other hand, Fox belongs to the Broadcast Radio and Television industry. This 19-stock industry is currently ranked #182. The industry has moved +17.1% year to date.
Alto Ingredients and Fox could continue their solid performance, so investors interested in Consumer Discretionary stocks should continue to pay close attention to these stocks.
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Alto Ingredients, Inc. (ALTO): Free Stock Analysis Report Fox Corporation (FOXA): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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