Investors interested in Consumer Discretionary stocks should always be looking to find the best-performing companies in the group. Adtalem Global Education (ATGE) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.
Adtalem Global Education is one of 260 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits at #13 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 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. Adtalem Global Education is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for ATGE's full-year earnings has moved 1.2% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, ATGE has returned 4.2% so far this year. Meanwhile, the Consumer Discretionary sector has returned an average of -0.8% on a year-to-date basis. This means that Adtalem Global Education is outperforming the sector as a whole this year.
Another stock in the Consumer Discretionary sector, Electrolux AB (ELUXY), has outperformed the sector so far this year. The stock's year-to-date return is 4.2%.
Over the past three months, Electrolux AB's consensus EPS estimate for the current year has increased 0.8%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Adtalem Global Education belongs to the Schools industry, which includes 18 individual stocks and currently sits at #164 in the Zacks Industry Rank. This group has gained an average of 2.1% so far this year, so ATGE is performing better in this area.
In contrast, Electrolux AB falls under the Household Appliances industry. Currently, this industry has 3 stocks and is ranked #47. Since the beginning of the year, the industry has moved -31%.
Investors with an interest in Consumer Discretionary stocks should continue to track Adtalem Global Education and Electrolux AB. These stocks will be looking to continue their solid performance.
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Adtalem Global Education Inc. (ATGE): Free Stock Analysis Report Electrolux AB (ELUXY): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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