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Is Funko (FNKO) Stock Outpacing Its Consumer Discretionary Peers This Year?
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Investors interested in Consumer Discretionary stocks should always be looking to find the best-performing companies in the group. Is Funko (FNKO - Free Report) one of those stocks right now? 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.
Funko is one of 243 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits at #11 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. FNKO is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for FNKO's full-year earnings has moved 6.99% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, FNKO has gained about 175.49% so far this year. In comparison, Consumer Discretionary companies have returned an average of 1.50%. As we can see, Funko is performing better than its sector in the calendar year.
Breaking things down more, FNKO is a member of the Consumer Products - Discretionary industry, which includes 22 individual companies and currently sits at #187 in the Zacks Industry Rank. On average, stocks in this group have gained 1.18% this year, meaning that FNKO 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 FNKO as it looks to continue its solid performance.
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Is Funko (FNKO) Stock Outpacing Its Consumer Discretionary Peers This Year?
Investors interested in Consumer Discretionary stocks should always be looking to find the best-performing companies in the group. Is Funko (FNKO - Free Report) one of those stocks right now? 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.
Funko is one of 243 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits at #11 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. FNKO is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for FNKO's full-year earnings has moved 6.99% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, FNKO has gained about 175.49% so far this year. In comparison, Consumer Discretionary companies have returned an average of 1.50%. As we can see, Funko is performing better than its sector in the calendar year.
Breaking things down more, FNKO is a member of the Consumer Products - Discretionary industry, which includes 22 individual companies and currently sits at #187 in the Zacks Industry Rank. On average, stocks in this group have gained 1.18% this year, meaning that FNKO 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 FNKO as it looks to continue its solid performance.