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 Barnes & Noble Education (BNED) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Barnes & Noble Education is one of 261 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit at #12 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. Barnes & Noble Education is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for BNED's full-year earnings has moved 36.2% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, BNED has moved about 21.7% on a year-to-date basis. Meanwhile, stocks in the Consumer Discretionary group have lost about 14.5% on average. This means that Barnes & Noble Education is outperforming the sector as a whole this year.
Motorsport Games Inc. (MSGM) is another Consumer Discretionary stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 39.4%.
The consensus estimate for Motorsport Games Inc.'s current year EPS has increased 30.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Barnes & Noble Education belongs to the Consumer Products - Discretionary industry, a group that includes 29 individual companies and currently sits at #170 in the Zacks Industry Rank. This group has gained an average of 6.4% so far this year, so BNED is performing better in this area.
On the other hand, Motorsport Games Inc. belongs to the Gaming industry. This 41-stock industry is currently ranked #174. The industry has moved -34.3% year to date.
Investors interested in the Consumer Discretionary sector may want to keep a close eye on Barnes & Noble Education and Motorsport Games Inc. as they attempt to continue their solid performance.
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Barnes & Noble Education, Inc (BNED): Free Stock Analysis Report
Motorsport Games Inc. (MSGM): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).