Investors interested in Consumer Discretionary stocks should always be looking to find the best-performing companies in the group. Oriental Land (OLCLY) 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? 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.
Oriental Land is a member of our Consumer Discretionary group, which includes 256 different companies and currently sits at #12 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. Oriental Land is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for OLCLY's full-year earnings has moved 1.9% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, OLCLY has returned 5.3% so far this year. At the same time, Consumer Discretionary stocks have lost an average of 0.3%. This shows that Oriental Land is outperforming its peers so far this year.
Another Consumer Discretionary stock, which has outperformed the sector so far this year, is Perdoceo Education (PRDO). The stock has returned 14.7% year-to-date.
Over the past three months, Perdoceo Education's consensus EPS estimate for the current year has increased 5.5%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Oriental Land belongs to the Hotels and Motels industry, a group that includes 13 individual stocks and currently sits at #146 in the Zacks Industry Rank. Stocks in this group have lost about 6.8% so far this year, so OLCLY is performing better this group in terms of year-to-date returns.
On the other hand, Perdoceo Education belongs to the Schools industry. This 17-stock industry is currently ranked #73. The industry has moved +5.6% year to date.
Investors interested in the Consumer Discretionary sector may want to keep a close eye on Oriental Land and Perdoceo Education as they attempt to continue their solid performance.
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Oriental Land (OLCLY): Free Stock Analysis Report Perdoceo Education Corporation (PRDO): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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