Is Sendas Distribuidora (ASAIY) Outperforming Other Consumer Discretionary Stocks This Year?

Investors interested in Consumer Discretionary stocks should always be looking to find the best-performing companies in the group. Is Sendas Distribuidora S.A. Sponsored ADR (ASAIY) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.

Sendas Distribuidora S.A. Sponsored ADR is one of 259 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit 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 is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Sendas Distribuidora S.A. Sponsored ADR is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past 90 days, the Zacks Consensus Estimate for ASAIY's full-year earnings has moved 2.8% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Our latest available data shows that ASAIY has returned about 9.1% since the start of the calendar year. Meanwhile, stocks in the Consumer Discretionary group have lost about 13.4% on average. This means that Sendas Distribuidora S.A. Sponsored ADR is performing better than its sector in terms of year-to-date returns.

Another stock in the Consumer Discretionary sector, K12 (LRN), has outperformed the sector so far this year. The stock's year-to-date return is 23.4%.

The consensus estimate for K12's current year EPS has increased 1.2% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).

To break things down more, Sendas Distribuidora S.A. Sponsored ADR belongs to the Consumer Products - Discretionary industry, a group that includes 28 individual companies and currently sits at #181 in the Zacks Industry Rank. On average, this group has gained an average of 13.5% so far this year, meaning that ASAIY is slightly underperforming its industry in terms of year-to-date returns.

K12, however, belongs to the Schools industry. Currently, this 19-stock industry is ranked #98. The industry has moved -2.5% so far this year.

Investors interested in the Consumer Discretionary sector may want to keep a close eye on Sendas Distribuidora S.A. Sponsored ADR and K12 as they attempt to continue their solid performance.

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This article originally published on Zacks Investment Research (zacks.com).

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