For those looking to find strong Consumer Discretionary stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Acme United Corporation. (ACU) 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.
Acme United Corporation. is a member of our Consumer Discretionary group, which includes 261 different companies and currently sits at #13 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 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. Acme United Corporation. is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for ACU's full-year earnings has moved 17.1% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, ACU has moved about 58.1% on a year-to-date basis. At the same time, Consumer Discretionary stocks have lost an average of 14.4%. This means that Acme United Corporation. is performing better than its sector in terms of year-to-date returns.
ASICS Corporation Unsponsored ADR (ASCCY) is another Consumer Discretionary stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 9.4%.
In ASICS Corporation Unsponsored ADR's case, the consensus EPS estimate for the current year increased 6% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Acme United Corporation. is a member of the Consumer Products - Discretionary industry, which includes 29 individual companies and currently sits at #107 in the Zacks Industry Rank. Stocks in this group have gained about 5.3% so far this year, so ACU is performing better this group in terms of year-to-date returns.
On the other hand, ASICS Corporation Unsponsored ADR belongs to the Leisure and Recreation Products industry. This 24-stock industry is currently ranked #107. The industry has moved -30.6% year to date.
Investors interested in the Consumer Discretionary sector may want to keep a close eye on Acme United Corporation. and ASICS Corporation Unsponsored ADR as they attempt to continue their solid performance.
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Acme United Corporation. (ACU): Free Stock Analysis Report
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This article originally published on Zacks Investment Research (zacks.com).