Investors interested in Consumer Discretionary stocks should always be looking to find the best-performing companies in the group. Has American Outdoor Brands, Inc. (AOUT) been one of those stocks this year? 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.
American Outdoor Brands, Inc. is one of 244 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit at #6 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 is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. American Outdoor Brands, Inc. is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for AOUT's full-year earnings has moved 77.8% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, AOUT has moved about 24.2% on a year-to-date basis. Meanwhile, the Consumer Discretionary sector has returned an average of -7% on a year-to-date basis. As we can see, American Outdoor Brands, Inc. is performing better than its sector in the calendar year.
One other Consumer Discretionary stock that has outperformed the sector so far this year is The Beachbody Company, Inc. (BODI). The stock is up 44.7% year-to-date.
The consensus estimate for The Beachbody Company, Inc.'s current year EPS has increased 241.4% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, American Outdoor Brands, Inc. belongs to the Leisure and Recreation Products industry, a group that includes 21 individual companies and currently sits at #50 in the Zacks Industry Rank. On average, stocks in this group have lost 0.9% this year, meaning that AOUT is performing better in terms of year-to-date returns.
In contrast, The Beachbody Company, Inc. falls under the Consumer Services - Miscellaneous industry. Currently, this industry has 5 stocks and is ranked #37. Since the beginning of the year, the industry has moved +42.3%.
American Outdoor Brands, Inc. and The Beachbody Company, Inc. 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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American Outdoor Brands, Inc. (AOUT): Free Stock Analysis Report
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This article originally published on Zacks Investment Research (zacks.com).