The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Hasbro (HAS) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Hasbro is one of 246 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits at #9 within 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 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. Hasbro is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for HAS' full-year earnings has moved 5.1% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, HAS has returned 3.7% so far this year. In comparison, Consumer Discretionary companies have returned an average of -7.2%. As we can see, Hasbro is performing better than its sector in the calendar year.
One other Consumer Discretionary stock that has outperformed the sector so far this year is Honest (HNST). The stock is up 35.3% year-to-date.
The consensus estimate for Honest's current year EPS has increased 3.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Hasbro belongs to the Toys - Games - Hobbies industry, a group that includes 3 individual stocks and currently sits at #50 in the Zacks Industry Rank. On average, this group has lost an average of 3.9% so far this year, meaning that HAS is performing better in terms of year-to-date returns.
Honest, however, belongs to the Consumer Products - Discretionary industry. Currently, this 26-stock industry is ranked #92. The industry has moved -1.7% so far this year.
Investors with an interest in Consumer Discretionary stocks should continue to track Hasbro and Honest. These stocks will be looking to continue their solid performance.
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Hasbro, Inc. (HAS): Free Stock Analysis Report
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This article originally published on Zacks Investment Research (zacks.com).