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Is Glu Mobile (GLUU) Stock Outpacing Its Consumer Discretionary Peers This Year?

Zacks Equity Research
FTI Consulting (FCN) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

Investors focused on the Consumer Discretionary space have likely heard of Glu Mobile (GLUU), 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.

Glu Mobile is a member of our Consumer Discretionary group, which includes 251 different companies and currently sits at #6 in the Zacks Sector Rank. 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 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. GLUU is currently sporting a Zacks Rank of #2 (Buy).

Over the past three months, the Zacks Consensus Estimate for GLUU's full-year earnings has moved 22.03% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

Our latest available data shows that GLUU has returned about 14.99% since the start of the calendar year. In comparison, Consumer Discretionary companies have returned an average of 14.52%. This means that Glu Mobile is performing better than its sector in terms of year-to-date returns.

Looking more specifically, GLUU belongs to the Toys - Games - Hobbies industry, a group that includes 8 individual stocks and currently sits at #195 in the Zacks Industry Rank. On average, this group has gained an average of 6.98% so far this year, meaning that GLUU is performing better in terms of year-to-date returns.

Going forward, investors interested in Consumer Discretionary stocks should continue to pay close attention to GLUU as it looks to continue its solid performance.


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