For those looking to find strong Consumer Discretionary stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Anta Sports Products Ltd. (ANPDF) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Anta Sports Products Ltd. is one of 255 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits at #10 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 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. Anta Sports Products Ltd. is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for ANPDF's full-year earnings has moved 0.8% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that ANPDF has returned about 19.5% since the start of the calendar year. Meanwhile, stocks in the Consumer Discretionary group have gained about 12.8% on average. As we can see, Anta Sports Products Ltd. is performing better than its sector in the calendar year.
Another Consumer Discretionary stock, which has outperformed the sector so far this year, is Fox Corporation (FOX). The stock has returned 13.2% year-to-date.
Over the past three months, Fox Corporation's consensus EPS estimate for the current year has increased 2.3%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Anta Sports Products Ltd. belongs to the Shoes and Retail Apparel industry, a group that includes 11 individual stocks and currently sits at #199 in the Zacks Industry Rank. On average, this group has lost an average of 2.6% so far this year, meaning that ANPDF is performing better in terms of year-to-date returns.
In contrast, Fox Corporation falls under the Broadcast Radio and Television industry. Currently, this industry has 18 stocks and is ranked #77. Since the beginning of the year, the industry has moved +34.1%.
Anta Sports Products Ltd. and Fox Corporation 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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Anta Sports Products Ltd. (ANPDF): Free Stock Analysis Report Fox Corporation (FOX): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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