Investors interested in Consumer Discretionary stocks should always be looking to find the best-performing companies in the group. Has Flexsteel Industries (FLXS) 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.
Flexsteel Industries 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 proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Flexsteel Industries is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for FLXS' full-year earnings has moved 4.8% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, FLXS has moved about 115.8% on a year-to-date basis. In comparison, Consumer Discretionary companies have returned an average of -14.6%. This means that Flexsteel Industries is performing better than its sector in terms of year-to-date returns.
Another Consumer Discretionary stock, which has outperformed the sector so far this year, is Bandai Namco Holdings Inc. - Unsponsored ADR (NCBDY). The stock has returned 35% year-to-date.
For Bandai Namco Holdings Inc. - Unsponsored ADR, the consensus EPS estimate for the current year has increased 10.7% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Flexsteel Industries belongs to the Furniture industry, which includes 6 individual stocks and currently sits at #191 in the Zacks Industry Rank. Stocks in this group have lost about 16% so far this year, so FLXS is performing better this group in terms of year-to-date returns.
In contrast, Bandai Namco Holdings Inc. - Unsponsored ADR falls under the Leisure and Recreation Products industry. Currently, this industry has 24 stocks and is ranked #108. Since the beginning of the year, the industry has moved -30.7%.
Investors interested in the Consumer Discretionary sector may want to keep a close eye on Flexsteel Industries and Bandai Namco Holdings Inc. - Unsponsored ADR as they attempt to continue their solid performance.
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Flexsteel Industries, Inc. (FLXS): Free Stock Analysis Report
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This article originally published on Zacks Investment Research (zacks.com).