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Is Funko (FNKO) Stock Outpacing Its Consumer Discretionary Peers This Year?
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Investors focused on the Consumer Discretionary space have likely heard of Funko (FNKO - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of FNKO and the rest of the Consumer Discretionary group's stocks.
Funko is one of 250 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits at #8 within 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 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. FNKO is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for FNKO's full-year earnings has moved 4.64% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, FNKO has returned 33.23% so far this year. At the same time, Consumer Discretionary stocks have gained an average of 10.66%. This shows that Funko is outperforming its peers so far this year.
To break things down more, FNKO belongs to the Consumer Products - Discretionary industry, a group that includes 21 individual companies and currently sits at #151 in the Zacks Industry Rank. Stocks in this group have gained about 1.51% so far this year, so FNKO is performing better this group in terms of year-to-date returns.
Investors with an interest in Consumer Discretionary stocks should continue to track FNKO. The stock will be looking to continue its solid performance.
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Is Funko (FNKO) Stock Outpacing Its Consumer Discretionary Peers This Year?
Investors focused on the Consumer Discretionary space have likely heard of Funko (FNKO - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of FNKO and the rest of the Consumer Discretionary group's stocks.
Funko is one of 250 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits at #8 within 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 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. FNKO is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for FNKO's full-year earnings has moved 4.64% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, FNKO has returned 33.23% so far this year. At the same time, Consumer Discretionary stocks have gained an average of 10.66%. This shows that Funko is outperforming its peers so far this year.
To break things down more, FNKO belongs to the Consumer Products - Discretionary industry, a group that includes 21 individual companies and currently sits at #151 in the Zacks Industry Rank. Stocks in this group have gained about 1.51% so far this year, so FNKO is performing better this group in terms of year-to-date returns.
Investors with an interest in Consumer Discretionary stocks should continue to track FNKO. The stock will be looking to continue its solid performance.