Is Hilton Worldwide (HLT) Outperforming Other Consumer Discretionary Stocks This Year?
The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Hilton Worldwide Holdings Inc. (HLT) been one of those stocks this year? 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.
Hilton Worldwide Holdings Inc. is a member of our Consumer Discretionary group, which includes 280 different companies and currently sits at #13 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. Hilton Worldwide Holdings Inc. is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for HLT's full-year earnings has moved 3.6% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, HLT has gained about 17% so far this year. Meanwhile, the Consumer Discretionary sector has returned an average of 3.2% on a year-to-date basis. As we can see, Hilton Worldwide Holdings Inc. is performing better than its sector in the calendar year.
International Game Technology (IGT) is another Consumer Discretionary stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 31.5%.
Over the past three months, International Game Technology's consensus EPS estimate for the current year has increased 15.2%. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Hilton Worldwide Holdings Inc. belongs to the Hotels and Motels industry, a group that includes 14 individual stocks and currently sits at #46 in the Zacks Industry Rank. Stocks in this group have gained about 12.8% so far this year, so HLT is performing better this group in terms of year-to-date returns.
In contrast, International Game Technology falls under the Gaming industry. Currently, this industry has 40 stocks and is ranked #80. Since the beginning of the year, the industry has moved +10.7%.
Investors with an interest in Consumer Discretionary stocks should continue to track Hilton Worldwide Holdings Inc. and International Game Technology. These stocks will be looking to continue their solid performance.
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Hilton Worldwide Holdings Inc. (HLT) : Free Stock Analysis Report
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