Investors interested in consumer discretionary stocks should always look for the best-performing companies in the group. Accel Entertainment (ACEL) is a stock that can certainly attract the attention of many investors, but do its recent returns compare favorably to the sector as a whole? If we take a look at the stock’s year-to-date performance in comparison to its Consumer Discretionary peers, we may be able to answer that question.
Accel Entertainment is a member of our Consumer Discretionary group, which includes 281 different companies and currently sits at #12 in 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 in each of these sectors.
The Zacks Rank is a proven system that places an emphasis on earnings estimates and estimate revisions, highlighting a variety of stocks that have the right characteristics to beat the market over the next one to three months. Accel Entertainment currently has a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for ACEL’s full-year earnings rose 14.7% in the most recent quarter. This shows that analyst sentiment has improved and the company’s earnings outlook is better.
Our latest available data shows that ACEL has returned approximately 35.2% since the start of the calendar year. In comparison, consumer discretionary companies posted an average return of 11.5%. This shows that Accel Entertainment is outperforming its competitors so far this year.
Another consumer discretionary stock that has outperformed the sector so far this year is Codere Online Luxembourg, SA (CDRO). The stock has returned 19.2% year-to-date.
In the case of Codere Online Luxembourg, SA, the consensus EPS estimate for the current year increased 61.1% over the last three months. The stock currently has a Zacks Rank #2 (Buy).
More specifically, Accel Entertainment belongs to the Gaming industry, a group that includes 39 individual stocks and is currently ranked #83 in the Zacks Industry Rank. On average, this group has gained an average of 23.8% so far this year, meaning ACEL is performing better in terms of year-to-date returns. Codere Online Luxembourg, SA is also part of the same industry.
Investors interested in the Consumer Discretionary sector should keep an eye on Accel Entertainment and Codere Online Luxembourg, SA as they look to continue their solid performances.
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