The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Interparfums (IPAR) 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.
Interparfums is one of 259 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit at #10 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. Interparfums is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for IPAR's full-year earnings has moved 0.6% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, IPAR has returned 48% so far this year. At the same time, Consumer Discretionary stocks have lost an average of 8.4%. This means that Interparfums is outperforming the sector as a whole this year.
One other Consumer Discretionary stock that has outperformed the sector so far this year is Marcus (MCS). The stock is up 91.4% year-to-date.
In Marcus' case, the consensus EPS estimate for the current year increased 19.4% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Interparfums belongs to the Consumer Products - Discretionary industry, which includes 27 individual stocks and currently sits at #186 in the Zacks Industry Rank. Stocks in this group have gained about 11.5% so far this year, so IPAR is performing better this group in terms of year-to-date returns.
On the other hand, Marcus belongs to the Leisure and Recreation Services industry. This 28-stock industry is currently ranked #90. The industry has moved -0.8% year to date.
Investors with an interest in Consumer Discretionary stocks should continue to track Interparfums and Marcus. These stocks will be looking to continue their solid performance.
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Interparfums, Inc. (IPAR): Free Stock Analysis Report
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This article originally published on Zacks Investment Research (zacks.com).