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Investors focused on the Consumer Discretionary space have likely heard of Acme United Corporation. (ACU), but is the stock performing well in comparison to the rest of its sector peers? 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.
Acme United Corporation. is a member of the Consumer Discretionary sector. This group includes 244 individual stocks and currently holds a Zacks Sector Rank of #7. 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 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. ACU is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for ACU's full-year earnings has moved 2.10% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that ACU has returned about 42.46% since the start of the calendar year. In comparison, Consumer Discretionary companies have returned an average of 18.24%. As we can see, Acme United Corporation. is performing better than its sector in the calendar year.
Looking more specifically, ACU belongs to the Consumer Products - Discretionary industry, which includes 20 individual stocks and currently sits at #93 in the Zacks Industry Rank. This group has gained an average of 6.80% so far this year, so ACU is performing better in this area.
Investors in the Consumer Discretionary sector will want to keep a close eye on ACU as it attempts to continue its solid performance.
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