Are Consumer Discretionary Stocks Lagging Accel Entertainment (ACEL) This Year?

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 Accel Entertainment (ACEL) 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.

Accel Entertainment is a member of our Consumer Discretionary group, which includes 243 different companies and currently sits at #9 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 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. Accel Entertainment is currently sporting a Zacks Rank of #2 (Buy).

Over the past 90 days, the Zacks Consensus Estimate for ACEL's full-year earnings has moved 5.7% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

According to our latest data, ACEL has moved about 5.5% on a year-to-date basis. Meanwhile, the Consumer Discretionary sector has returned an average of -7.4% on a year-to-date basis. This means that Accel Entertainment is performing better than its sector in terms of year-to-date returns.

Another stock in the Consumer Discretionary sector, Moncler S.P.A. - Unsponsored ADR (MONRY), has outperformed the sector so far this year. The stock's year-to-date return is 1%.

For Moncler S.P.A. - Unsponsored ADR, the consensus EPS estimate for the current year has increased 0.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).

Looking more specifically, Accel Entertainment belongs to the Gaming industry, a group that includes 37 individual stocks and currently sits at #153 in the Zacks Industry Rank. On average, this group has lost an average of 19.7% so far this year, meaning that ACEL is performing better in terms of year-to-date returns.

In contrast, Moncler S.P.A. - Unsponsored ADR falls under the Textile - Apparel industry. Currently, this industry has 22 stocks and is ranked #49. Since the beginning of the year, the industry has moved -5.8%.

Investors interested in the Consumer Discretionary sector may want to keep a close eye on Accel Entertainment and Moncler S.P.A. - Unsponsored ADR 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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