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Is Take-Two 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. Is Take-Two Interactive Software (TTWO - 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.
Take-Two Interactive Software is a member of the Consumer Discretionary sector. This group includes 250 individual stocks and currently holds a Zacks Sector Rank of #9. 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. TTWO is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for TTWO's full-year earnings has moved 12.99% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, TTWO has returned 3.26% so far this year. At the same time, Consumer Discretionary stocks have gained an average of 11.15%. As we can see, Take-Two Interactive Software is performing better than its sector in the calendar year.
Breaking things down more, TTWO is a member of the Toys - Games - Hobbies industry, which includes 8 individual companies and currently sits at #52 in the Zacks Industry Rank. On average, this group has gained an average of 6.85% so far this year, meaning that TTWO is slightly underperforming its industry in terms of year-to-date returns.
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 Take-Two 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. Is Take-Two Interactive Software (TTWO - 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.
Take-Two Interactive Software is a member of the Consumer Discretionary sector. This group includes 250 individual stocks and currently holds a Zacks Sector Rank of #9. 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. TTWO is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for TTWO's full-year earnings has moved 12.99% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, TTWO has returned 3.26% so far this year. At the same time, Consumer Discretionary stocks have gained an average of 11.15%. As we can see, Take-Two Interactive Software is performing better than its sector in the calendar year.
Breaking things down more, TTWO is a member of the Toys - Games - Hobbies industry, which includes 8 individual companies and currently sits at #52 in the Zacks Industry Rank. On average, this group has gained an average of 6.85% so far this year, meaning that TTWO is slightly underperforming its industry in terms of year-to-date returns.
Investors in the Consumer Discretionary sector will want to keep a close eye on TTWO as it attempts to continue its solid performance.