Has H&R Block (HRB) Outpaced Other Consumer Discretionary Stocks This Year?
For those looking to find strong Consumer Discretionary stocks, it is prudent to search for companies in the group that are outperforming their peers. Has H&R Block (HRB) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
H&R Block is a member of the Consumer Discretionary sector. This group includes 286 individual stocks and currently holds a Zacks Sector Rank of #8. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. H&R Block is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for HRB's full-year earnings has moved 1.8% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, HRB has returned 9.6% so far this year. Meanwhile, the Consumer Discretionary sector has returned an average of -2% on a year-to-date basis. As we can see, H&R Block is performing better than its sector in the calendar year.
H World Group (HTHT) is another Consumer Discretionary stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 25.7%.
For H World Group, the consensus EPS estimate for the current year has increased 6.8% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, H&R Block belongs to the Consumer Services - Miscellaneous industry, which includes 14 individual stocks and currently sits at #150 in the Zacks Industry Rank. Stocks in this group have gained about 9.1% so far this year, so HRB is performing better this group in terms of year-to-date returns.
On the other hand, H World Group belongs to the Hotels and Motels industry. This 13-stock industry is currently ranked #158. The industry has moved +8.6% year to date.
Investors with an interest in Consumer Discretionary stocks should continue to track H&R Block and H World Group. These stocks will be looking to continue their solid performance.
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