U.S. Markets open in 6 hrs 24 mins

Is Summer Infant (SUMR) Stock Outpacing Its Consumer Discretionary Peers This Year?

Zacks Equity Research
Texas Capital (TCBI) 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 Summer Infant (SUMR), but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of SUMR and the rest of the Consumer Discretionary group's stocks.

Summer Infant is one of 242 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits at #9 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 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. SUMR is currently sporting a Zacks Rank of #1 (Strong Buy).

Within the past quarter, the Zacks Consensus Estimate for SUMR's full-year earnings has moved 50% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

Based on the latest available data, SUMR has gained about 9.33% so far this year. Meanwhile, stocks in the Consumer Discretionary group have gained about 6.31% on average. As we can see, Summer Infant is performing better than its sector in the calendar year.

To break things down more, SUMR belongs to the Consumer Products - Discretionary industry, a group that includes 21 individual companies and currently sits at #67 in the Zacks Industry Rank. On average, stocks in this group have gained 7.91% this year, meaning that SUMR is performing better in terms of year-to-date returns.

Investors in the Consumer Discretionary sector will want to keep a close eye on SUMR as it attempts to continue its solid performance.


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
 
Summer Infant, Inc. (SUMR) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.