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Has Boyd Gaming (BYD) Outpaced Other Consumer Discretionary Stocks This Year?

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Investors focused on the Consumer Discretionary space have likely heard of Boyd Gaming (BYD), but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.

Boyd Gaming is a member of the Consumer Discretionary sector. This group includes 259 individual stocks and currently holds a Zacks Sector Rank of #9. 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. BYD is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past 90 days, the Zacks Consensus Estimate for BYD's full-year earnings has moved 31.62% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Based on the latest available data, BYD has gained about 34.76% so far this year. Meanwhile, the Consumer Discretionary sector has returned an average of -3.05% on a year-to-date basis. This means that Boyd Gaming is outperforming the sector as a whole this year.

Looking more specifically, BYD belongs to the Gaming industry, which includes 35 individual stocks and currently sits at #112 in the Zacks Industry Rank. On average, stocks in this group have lost 0.68% this year, meaning that BYD is performing better in terms of year-to-date returns.

BYD will likely be looking to continue its solid performance, so investors interested in Consumer Discretionary stocks should continue to pay close attention to the company.


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