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Has Planet Fitness (PLNT) Outpaced Other Consumer Discretionary Stocks This Year?
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Investors focused on the Consumer Discretionary space have likely heard of Planet Fitness (PLNT - 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 PLNT and the rest of the Consumer Discretionary group's stocks.
Planet Fitness is a member of the Consumer Discretionary sector. This group includes 248 individual stocks and currently holds a Zacks Sector Rank of #5. 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. PLNT is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for PLNT's full-year earnings has moved 7.90% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that PLNT has returned about 25.08% since the start of the calendar year. Meanwhile, stocks in the Consumer Discretionary group have gained about 13.89% on average. This means that Planet Fitness is outperforming the sector as a whole this year.
Looking more specifically, PLNT belongs to the Leisure and Recreation Services industry, which includes 29 individual stocks and currently sits at #70 in the Zacks Industry Rank. On average, stocks in this group have gained 9.10% this year, meaning that PLNT is performing better in terms of year-to-date returns.
Investors with an interest in Consumer Discretionary stocks should continue to track PLNT. The stock will be looking to continue its solid performance.
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Has Planet Fitness (PLNT) Outpaced Other Consumer Discretionary Stocks This Year?
Investors focused on the Consumer Discretionary space have likely heard of Planet Fitness (PLNT - 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 PLNT and the rest of the Consumer Discretionary group's stocks.
Planet Fitness is a member of the Consumer Discretionary sector. This group includes 248 individual stocks and currently holds a Zacks Sector Rank of #5. 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. PLNT is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for PLNT's full-year earnings has moved 7.90% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that PLNT has returned about 25.08% since the start of the calendar year. Meanwhile, stocks in the Consumer Discretionary group have gained about 13.89% on average. This means that Planet Fitness is outperforming the sector as a whole this year.
Looking more specifically, PLNT belongs to the Leisure and Recreation Services industry, which includes 29 individual stocks and currently sits at #70 in the Zacks Industry Rank. On average, stocks in this group have gained 9.10% this year, meaning that PLNT is performing better in terms of year-to-date returns.
Investors with an interest in Consumer Discretionary stocks should continue to track PLNT. The stock will be looking to continue its solid performance.