Is Vista Outdoor (VSTO) Outperforming Other Consumer Discretionary Stocks This Year?
Investors focused on the Consumer Discretionary space have likely heard of Vista Outdoor (VSTO), 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.
Vista Outdoor is one of 260 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit at #6 in 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. VSTO is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for VSTO's full-year earnings has moved 79.64% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, VSTO has moved about 87.67% on a year-to-date basis. Meanwhile, stocks in the Consumer Discretionary group have lost about 3.70% on average. As we can see, Vista Outdoor is performing better than its sector in the calendar year.
Breaking things down more, VSTO is a member of the Leisure and Recreation Products industry, which includes 21 individual companies and currently sits at #21 in the Zacks Industry Rank. On average, this group has lost an average of 4.40% so far this year, meaning that VSTO is performing better in terms of year-to-date returns.
Going forward, investors interested in Consumer Discretionary stocks should continue to pay close attention to VSTO as it looks to continue its solid performance.
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