The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Alto Ingredients (ALTO) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Alto Ingredients is one of 243 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit 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 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. Alto Ingredients is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for ALTO's full-year earnings has moved 237.5% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, ALTO has returned 54.9% so far this year. Meanwhile, the Consumer Discretionary sector has returned an average of -8% on a year-to-date basis. This shows that Alto Ingredients is outperforming its peers so far this year.
Another stock in the Consumer Discretionary sector, Hugo Boss (BOSSY), has outperformed the sector so far this year. The stock's year-to-date return is 9.1%.
Over the past three months, Hugo Boss' consensus EPS estimate for the current year has increased 4.8%. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Alto Ingredients belongs to the Consumer Products - Discretionary industry, a group that includes 25 individual companies and currently sits at #104 in the Zacks Industry Rank. On average, stocks in this group have lost 1.1% this year, meaning that ALTO is performing better in terms of year-to-date returns.
In contrast, Hugo Boss falls under the Textile - Apparel industry. Currently, this industry has 22 stocks and is ranked #71. Since the beginning of the year, the industry has moved -8.4%.
Investors with an interest in Consumer Discretionary stocks should continue to track Alto Ingredients and Hugo Boss. These stocks will be looking to continue their solid performance.
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This article originally published on Zacks Investment Research (zacks.com).