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Is PlayAGS (AGS) Outperforming Other Consumer Discretionary Stocks This Year?
Investors interested in Consumer Discretionary stocks should always be looking to find the best-performing companies in the group. Has PlayAGS (AGS - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
PlayAGS is a member of the Consumer Discretionary sector. This group includes 267 individual stocks and currently holds a Zacks Sector Rank of #11. 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. PlayAGS is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for AGS' full-year earnings has moved 3.5% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that AGS has returned about 5.2% since the start of the calendar year. Meanwhile, the Consumer Discretionary sector has returned an average of -1.7% on a year-to-date basis. This means that PlayAGS is outperforming the sector as a whole this year.
Another stock in the Consumer Discretionary sector, Naspers Ltd. (NPSNY - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 16.2%.
In Naspers Ltd.'s case, the consensus EPS estimate for the current year increased 12.8% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, PlayAGS belongs to the Gaming industry, which includes 40 individual stocks and currently sits at #136 in the Zacks Industry Rank. On average, this group has lost an average of 3.4% so far this year, meaning that AGS is performing better in terms of year-to-date returns.
Naspers Ltd. however, belongs to the Cable Television industry. Currently, this 8-stock industry is ranked #156. The industry has moved +2.9% so far this year.
Going forward, investors interested in Consumer Discretionary stocks should continue to pay close attention to PlayAGS and Naspers Ltd. as they could maintain their solid performance.