Investors focused on the Consumer Discretionary space have likely heard of Rent-A-Center (RCII), 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.
Rent-A-Center is one of 243 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits at #8 within the Zacks Sector Rank. 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 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. RCII is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for RCII's full-year earnings has moved 6.71% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, RCII has moved about 65.78% on a year-to-date basis. Meanwhile, stocks in the Consumer Discretionary group have gained about 17.67% on average. This shows that Rent-A-Center is outperforming its peers so far this year.
Looking more specifically, RCII belongs to the Consumer Services - Miscellaneous industry, which includes 9 individual stocks and currently sits at #30 in the Zacks Industry Rank. Stocks in this group have gained about 13.34% so far this year, so RCII is performing better this group in terms of year-to-date returns.
RCII 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.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Rent-A-Center, Inc. (RCII) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research