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? 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.
Rent-A-Center is a member of the Consumer Discretionary sector. This group includes 244 individual stocks and currently holds a Zacks Sector Rank of #11. 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. RCII is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for RCII's full-year earnings has moved 6.71% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, RCII has returned 59.67% so far this year. Meanwhile, the Consumer Discretionary sector has returned an average of 16.42% on a year-to-date basis. This means that Rent-A-Center is performing better than its sector in terms of year-to-date returns.
Breaking things down more, RCII is a member of the Consumer Services - Miscellaneous industry, which includes 9 individual companies and currently sits at #6 in the Zacks Industry Rank. Stocks in this group have gained about 6.29% so far this year, so RCII is performing better this group in terms of year-to-date returns.
Going forward, investors interested in Consumer Discretionary stocks should continue to pay close attention to RCII as it looks to continue its solid performance.
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