Investors focused on the Consumer Discretionary space have likely heard of Electronic Arts (EA), but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Discretionary sector should help us answer this question.
Electronic Arts 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 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. EA is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for EA's full-year earnings has moved 9.70% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, EA has gained about 19.84% so far this year. Meanwhile, stocks in the Consumer Discretionary group have gained about 17.67% on average. This shows that Electronic Arts is outperforming its peers so far this year.
Looking more specifically, EA belongs to the Toys - Games - Hobbies industry, which includes 8 individual stocks and currently sits at #45 in the Zacks Industry Rank. On average, stocks in this group have gained 7.02% this year, meaning that EA is performing better in terms of year-to-date returns.
Investors with an interest in Consumer Discretionary stocks should continue to track EA. The stock will be looking to continue its solid performance.
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Electronic Arts Inc. (EA) : Free Stock Analysis Report
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