Investors focused on the Consumer Discretionary space have likely heard of Guess? (GES), 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.
Guess? is a member of the Consumer Discretionary sector. This group includes 247 individual stocks and currently holds a Zacks Sector Rank of #9. 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 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. GES is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for GES's full-year earnings has moved 10% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, GES has gained about 47.39% so far this year. Meanwhile, the Consumer Discretionary sector has returned an average of 2.32% on a year-to-date basis. This means that Guess? is performing better than its sector in terms of year-to-date returns.
To break things down more, GES belongs to the Textile – Apparel industry, a group that includes 24 individual companies and currently sits at #39 in the Zacks Industry Rank. This group has gained an average of 17.05% so far this year, so GES is performing better in this area.
Investors with an interest in Consumer Discretionary stocks should continue to track GES. The stock will be looking to continue its solid performance.
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