Investors interested in Consumer Discretionary stocks should always be looking to find the best-performing companies in the group. Has Cinemark Holdings (CNK) 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.
Cinemark Holdings is a member of the Consumer Discretionary sector. This group includes 246 individual stocks and currently holds a Zacks Sector Rank of #5. 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. Cinemark Holdings is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for CNK's full-year earnings has moved 2.7% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, CNK has returned 26.7% so far this year. In comparison, Consumer Discretionary companies have returned an average of -6.9%. This shows that Cinemark Holdings is outperforming its peers so far this year.
Another stock in the Consumer Discretionary sector, Escalade (ESCA), has outperformed the sector so far this year. The stock's year-to-date return is 36.3%.
The consensus estimate for Escalade's current year EPS has increased 10.5% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Cinemark Holdings belongs to the Film and Television Production and Distribution industry, a group that includes 8 individual companies and currently sits at #95 in the Zacks Industry Rank. On average, this group has lost an average of 0.6% so far this year, meaning that CNK is performing better in terms of year-to-date returns.
On the other hand, Escalade belongs to the Leisure and Recreation Products industry. This 21-stock industry is currently ranked #53. The industry has moved +0.7% year to date.
Investors interested in the Consumer Discretionary sector may want to keep a close eye on Cinemark Holdings and Escalade as they attempt to continue their solid performance.
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This article originally published on Zacks Investment Research (zacks.com).