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

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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? 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.

Glu Mobile is a member of the Consumer Discretionary sector. This group includes 248 individual stocks and currently holds a Zacks Sector Rank of #5. 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 model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. GLUU is currently sporting a Zacks Rank of #2 (Buy).

Over the past 90 days, the Zacks Consensus Estimate for GLUU's full-year earnings has moved 22.03% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

According to our latest data, GLUU has moved about 35.56% on a year-to-date basis. Meanwhile, the Consumer Discretionary sector has returned an average of 14.50% on a year-to-date basis. As we can see, Glu Mobile is performing better than its sector in the calendar year.

Breaking things down more, GLUU is a member of the Toys - Games - Hobbies industry, which includes 8 individual companies and currently sits at #74 in the Zacks Industry Rank. On average, stocks in this group have gained 8.57% this year, meaning that GLUU is performing better in terms of year-to-date returns.

Investors with an interest in Consumer Discretionary stocks should continue to track GLUU. The stock will be looking to continue its solid performance.


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