Investors interested in Consumer Discretionary stocks should always be looking to find the best-performing companies in the group. Is The Beachbody Company, Inc. (BODI) 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.
The Beachbody Company, Inc. is a member of the Consumer Discretionary sector. This group includes 257 individual stocks and currently holds a Zacks Sector Rank of #4. 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 is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. The Beachbody Company, Inc. is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for BODI's full-year earnings has moved 241.4% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, BODI has returned 7.7% so far this year. Meanwhile, the Consumer Discretionary sector has returned an average of -10.5% on a year-to-date basis. This shows that The Beachbody Company, Inc. is outperforming its peers so far this year.
One other Consumer Discretionary stock that has outperformed the sector so far this year is MasterCraft Boat Holdings, Inc. (MCFT). The stock is up 8.9% year-to-date.
In MasterCraft Boat Holdings, Inc.'s case, the consensus EPS estimate for the current year increased 24.4% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, The Beachbody Company, Inc. belongs to the Consumer Services - Miscellaneous industry, a group that includes 5 individual companies and currently sits at #13 in the Zacks Industry Rank. On average, this group has lost an average of 16.3% so far this year, meaning that BODI is performing better in terms of year-to-date returns.
On the other hand, MasterCraft Boat Holdings, Inc. belongs to the Leisure and Recreation Products industry. This 23-stock industry is currently ranked #63. The industry has moved -9.5% year to date.
Going forward, investors interested in Consumer Discretionary stocks should continue to pay close attention to The Beachbody Company, Inc. and MasterCraft Boat Holdings, Inc. as they could maintain their solid performance.
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The Beachbody Company, Inc. (BODI): Free Stock Analysis Report
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This article originally published on Zacks Investment Research (zacks.com).