Investors focused on the Consumer Discretionary space have likely heard of Callaway Golf , but is the stock performing well in comparison to the rest of its sector peers? 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.
Callaway Golf is a member of our Consumer Discretionary group, which includes 243 different companies and currently sits at #11 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 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. ELY is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for ELY's full-year earnings has moved 23.15% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, ELY has moved about 64.90% on a year-to-date basis. Meanwhile, the Consumer Discretionary sector has returned an average of 0.56% on a year-to-date basis. As we can see, Callaway Golf is performing better than its sector in the calendar year.
To break things down more, ELY belongs to the Leisure and Recreation Products industry, a group that includes 15 individual companies and currently sits at #20 in the Zacks Industry Rank. On average, this group has gained an average of 2.54% so far this year, meaning that ELY is performing better in terms of year-to-date returns.
Investors in the Consumer Discretionary sector will want to keep a close eye on ELY as it attempts to continue its solid performance.
Image: Bigstock
Is Callaway Golf (ELY) Outperforming Other Consumer Discretionary Stocks This Year?
Investors focused on the Consumer Discretionary space have likely heard of Callaway Golf , but is the stock performing well in comparison to the rest of its sector peers? 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.
Callaway Golf is a member of our Consumer Discretionary group, which includes 243 different companies and currently sits at #11 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 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. ELY is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for ELY's full-year earnings has moved 23.15% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, ELY has moved about 64.90% on a year-to-date basis. Meanwhile, the Consumer Discretionary sector has returned an average of 0.56% on a year-to-date basis. As we can see, Callaway Golf is performing better than its sector in the calendar year.
To break things down more, ELY belongs to the Leisure and Recreation Products industry, a group that includes 15 individual companies and currently sits at #20 in the Zacks Industry Rank. On average, this group has gained an average of 2.54% so far this year, meaning that ELY is performing better in terms of year-to-date returns.
Investors in the Consumer Discretionary sector will want to keep a close eye on ELY as it attempts to continue its solid performance.