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Is TakeTwo Interactive Software (TTWO) Outperforming Other Consumer Discretionary Stocks This Year?
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The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has TakeTwo Interactive Software (TTWO - Free Report) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Discretionary sector should help us answer this question.
TakeTwo Interactive Software is one of 238 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit at #8 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. TTWO is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for TTWO's full-year earnings has moved 40.34% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, TTWO has returned 34.58% so far this year. Meanwhile, the Consumer Discretionary sector has returned an average of -1.46% on a year-to-date basis. This means that TakeTwo Interactive Software is performing better than its sector in terms of year-to-date returns.
Looking more specifically, TTWO belongs to the Toys - Games - Hobbies industry, which includes 8 individual stocks and currently sits at #99 in the Zacks Industry Rank. This group has gained an average of 21.05% so far this year, so TTWO is performing better in this area.
Investors in the Consumer Discretionary sector will want to keep a close eye on TTWO as it attempts to continue its solid performance.
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Is TakeTwo Interactive Software (TTWO) Outperforming Other Consumer Discretionary Stocks 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 TakeTwo Interactive Software (TTWO - Free Report) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Discretionary sector should help us answer this question.
TakeTwo Interactive Software is one of 238 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit at #8 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. TTWO is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for TTWO's full-year earnings has moved 40.34% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, TTWO has returned 34.58% so far this year. Meanwhile, the Consumer Discretionary sector has returned an average of -1.46% on a year-to-date basis. This means that TakeTwo Interactive Software is performing better than its sector in terms of year-to-date returns.
Looking more specifically, TTWO belongs to the Toys - Games - Hobbies industry, which includes 8 individual stocks and currently sits at #99 in the Zacks Industry Rank. This group has gained an average of 21.05% so far this year, so TTWO is performing better in this area.
Investors in the Consumer Discretionary sector will want to keep a close eye on TTWO as it attempts to continue its solid performance.