Is AMC Entertainment (AMC) Outperforming Other Consumer Discretionary Stocks This Year?

• AMC
  +2.77%
• BOSSY
  0.00%

Investors interested in Consumer Discretionary stocks should always be looking to find the best-performing companies in the group. Is AMC Entertainment (AMC) one of those stocks right now? A quick glance at the company’s year-to-date performance in comparison to the rest of the Consumer Discretionary sector should help us answer this question.

AMC Entertainment is a member of the Consumer Discretionary sector. This group includes 261 individual stocks and currently holds a Zacks Sector Rank of #12. 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. AMC Entertainment is currently sporting a Zacks Rank of #2 (Buy).

Over the past three months, the Zacks Consensus Estimate for AMC’s full-year earnings has moved 45.2% higher. This shows that analyst sentiment has improved and the company’s earnings outlook is stronger.

Our latest available data shows that AMC has returned about 85.3% since the start of the calendar year. Meanwhile, stocks in the Consumer Discretionary group have lost about 12.9% on average. This means that AMC Entertainment is performing better than its sector in terms of year-to-date returns.

Hugo Boss (BOSSY) is another Consumer Discretionary stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 8.7%.

Over the past three months, Hugo Boss’ consensus EPS estimate for the current year has increased 1.6%. The stock currently has a Zacks Rank #2 (Buy).

Looking more specifically, AMC Entertainment belongs to the Leisure and Recreation Services industry, which includes 28 individual stocks and currently sits at #181 in the Zacks Industry Rank. This group has lost an average of 10.4% so far this year, so AMC is performing better in this area.

In contrast, Hugo Boss falls under the Textile – Apparel industry. Currently, this industry has 22 stocks and is ranked #180. Since the beginning of the year, the industry has moved -10.1%.

Going forward, investors interested in Consumer Discretionary stocks should continue to pay close attention to AMC Entertainment and Hugo Boss as they could maintain their solid performance.

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This article originally published on Zacks Investment Research (zacks.com).