Is Super Group (SGHC) (SGHC) Outperforming Other Consumer Discretionary Stocks This Year?
Investors interested in Consumer Discretionary stocks should always be looking to find the best-performing companies in the group. Super Group (SGHC) Limited (SGHC) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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.
Super Group (SGHC) Limited is a member of our Consumer Discretionary group, which includes 285 different companies and currently sits at #10 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. Super Group (SGHC) Limited is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for SGHC's full-year earnings has moved 6.1% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, SGHC has returned 9.5% so far this year. At the same time, Consumer Discretionary stocks have lost an average of 2%. As we can see, Super Group (SGHC) Limited is performing better than its sector in the calendar year.
Another stock in the Consumer Discretionary sector, Wolverine World Wide (WWW), has outperformed the sector so far this year. The stock's year-to-date return is 47.4%.
For Wolverine World Wide, the consensus EPS estimate for the current year has increased 3.6% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Super Group (SGHC) Limited belongs to the Gaming industry, which includes 37 individual stocks and currently sits at #66 in the Zacks Industry Rank. This group has lost an average of 7.2% so far this year, so SGHC is performing better in this area.
Wolverine World Wide, however, belongs to the Shoes and Retail Apparel industry. Currently, this 12-stock industry is ranked #26. The industry has moved -7.7% so far this year.
Investors interested in the Consumer Discretionary sector may want to keep a close eye on Super Group (SGHC) Limited and Wolverine World Wide as they attempt to continue their solid performance.
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