Here is how Acme United Corporation. (ACU) and Carter's (CRI) have performed compared to their sector so far this year.
The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Acme United Corporation. (ACU) been one of those stocks this year? 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.
Acme United Corporation. is a member of the Consumer Discretionary sector. This group includes 246 individual stocks and currently holds a Zacks Sector Rank of #3. 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. Acme United Corporation. is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for ACU's full-year earnings has moved 16.1% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, ACU has moved about 11.4% on a year-to-date basis. Meanwhile, stocks in the Consumer Discretionary group have lost about 8.1% on average. This means that Acme United Corporation. is outperforming the sector as a whole this year.
Another stock in the Consumer Discretionary sector, Carter's (CRI), has outperformed the sector so far this year. The stock's year-to-date return is 9.7%.
Over the past three months, Carter's' consensus EPS estimate for the current year has increased 40.7%. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Acme United Corporation. belongs to the Consumer Products - Discretionary industry, a group that includes 25 individual stocks and currently sits at #65 in the Zacks Industry Rank. On average, this group has gained an average of 4.3% so far this year, meaning that ACU is performing better in terms of year-to-date returns.
On the other hand, Carter's belongs to the Shoes and Retail Apparel industry. This 7-stock industry is currently ranked #69. The industry has moved -27.4% year to date.
Investors with an interest in Consumer Discretionary stocks should continue to track Acme United Corporation. and Carter's. These stocks will be looking to continue their solid performance.
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