Is Clarus (CLAR) Outperforming Other Consumer Discretionary Stocks This Year?

The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Clarus Corporation (CLAR) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Consumer Discretionary peers, we might be able to answer that question.

Clarus Corporation is a member of the Consumer Discretionary sector. This group includes 261 individual stocks and currently holds a Zacks Sector Rank of #12. 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 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. Clarus Corporation is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for CLAR's full-year earnings has moved 5400% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Based on the latest available data, CLAR has gained about 11.9% so far this year. Meanwhile, stocks in the Consumer Discretionary group have lost about 9.6% on average. As we can see, Clarus Corporation is performing better than its sector in the calendar year.

Another Consumer Discretionary stock, which has outperformed the sector so far this year, is Flexsteel Industries (FLXS). The stock has returned 108.1% year-to-date.

Over the past three months, Flexsteel Industries' 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, Clarus Corporation belongs to the Leisure and Recreation Products industry, a group that includes 24 individual companies and currently sits at #102 in the Zacks Industry Rank. This group has lost an average of 25.6% so far this year, so CLAR is performing better in this area.

Flexsteel Industries, however, belongs to the Furniture industry. Currently, this 6-stock industry is ranked #216. The industry has moved -7.5% so far this year.

Investors with an interest in Consumer Discretionary stocks should continue to track Clarus Corporation and Flexsteel Industries. These stocks will be looking to continue their solid performance.

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This article originally published on Zacks Investment Research (zacks.com).

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