For those looking to find strong Consumer Discretionary stocks, it is prudent to search for companies in the group that are outperforming their peers. Crocs (CROX) 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.
Crocs is a member of our Consumer Discretionary group, which includes 256 different companies and currently sits at #9 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. Crocs is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for CROX's full-year earnings has moved 6.6% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, CROX has gained about 16.8% so far this year. At the same time, Consumer Discretionary stocks have lost an average of 4%. As we can see, Crocs is performing better than its sector in the calendar year.
Another stock in the Consumer Discretionary sector, LiveOne (LVO), has outperformed the sector so far this year. The stock's year-to-date return is 5%.
For LiveOne, the consensus EPS estimate for the current year has increased 9.5% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Crocs belongs to the Textile - Apparel industry, a group that includes 21 individual stocks and currently sits at #57 in the Zacks Industry Rank. Stocks in this group have gained about 4.1% so far this year, so CROX is performing better this group in terms of year-to-date returns.
LiveOne, however, belongs to the Audio Video Production industry. Currently, this 6-stock industry is ranked #12. The industry has moved -10.5% so far this year.
Investors interested in the Consumer Discretionary sector may want to keep a close eye on Crocs and LiveOne as they attempt to continue their solid performance.
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Crocs, Inc. (CROX): Free Stock Analysis Report LiveOne, Inc. (LVO): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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