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 Accel Entertainment (ACEL) one of those stocks right now? 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.
Accel Entertainment is a member of our Consumer Discretionary group, which includes 258 different companies and currently sits at #7 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. Accel Entertainment is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for ACEL's full-year earnings has moved 7.9% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, ACEL has returned 6.8% so far this year. At the same time, Consumer Discretionary stocks have lost an average of 3%. This shows that Accel Entertainment is outperforming its peers so far this year.
One other Consumer Discretionary stock that has outperformed the sector so far this year is Alto Ingredients (ALTO). The stock is up 39.6% year-to-date.
In Alto Ingredients' case, the consensus EPS estimate for the current year increased 18.8% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Accel Entertainment belongs to the Gaming industry, a group that includes 41 individual companies and currently sits at #174 in the Zacks Industry Rank. On average, stocks in this group have lost 13.9% this year, meaning that ACEL is performing better in terms of year-to-date returns.
On the other hand, Alto Ingredients belongs to the Consumer Products - Discretionary industry. This 28-stock industry is currently ranked #71. The industry has moved +6.4% year to date.
Investors interested in the Consumer Discretionary sector may want to keep a close eye on Accel Entertainment and Alto Ingredients as they attempt to continue their solid performance.
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Accel Entertainment, Inc. (ACEL): Free Stock Analysis Report Alto Ingredients, Inc. (ALTO): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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