The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Bassett Furniture (BSET) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Bassett Furniture is a member of our Consumer Discretionary group, which includes 260 different companies and currently sits at #8 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. Bassett Furniture is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for BSET's full-year earnings has moved 7.9% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, BSET has returned 13.4% so far this year. At the same time, Consumer Discretionary stocks have lost an average of 6.3%. This means that Bassett Furniture is outperforming the sector as a whole this year.
Another stock in the Consumer Discretionary sector, Capcom Co., Ltd. (CCOEY), has outperformed the sector so far this year. The stock's year-to-date return is 15.6%.
The consensus estimate for Capcom Co., Ltd.'s current year EPS has increased 2.1% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Bassett Furniture belongs to the Furniture industry, a group that includes 7 individual stocks and currently sits at #53 in the Zacks Industry Rank. This group has lost an average of 6.4% so far this year, so BSET is performing better in this area.
On the other hand, Capcom Co., Ltd. belongs to the Gaming industry. This 40-stock industry is currently ranked #185. The industry has moved -26.5% year to date.
Investors with an interest in Consumer Discretionary stocks should continue to track Bassett Furniture and Capcom Co., Ltd.. These stocks will be looking to continue their solid performance.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.9% per year. So be sure to give these hand picked 7 your immediate attention.
See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Bassett Furniture Industries, Incorporated (BSET): Free Stock Analysis Report
Capcom Co., Ltd. (CCOEY): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).