- ACEL
- ALTO
The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Accel Entertainment (ACEL) been one of those stocks this year? Let’s take a closer look at the stock’s year-to-date performance to find out.
Accel Entertainment is one of 260 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit 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 within each of these sectors.
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. Accel Entertainment is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for ACEL’s full-year earnings has moved 2.5% higher. This shows that analyst sentiment has improved and the company’s earnings outlook is stronger.
Our latest available data shows that ACEL has returned about 20.3% since the start of the calendar year. At the same time, Consumer Discretionary stocks have lost an average of 7.5%. This means that Accel Entertainment is outperforming the sector as a whole this year.
Alto Ingredients (ALTO) is another Consumer Discretionary stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 29.9%.
For Alto Ingredients, the consensus EPS estimate for the current year has increased 23.1% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Accel Entertainment is a member of the Gaming industry, which includes 43 individual companies and currently sits at #165 in the Zacks Industry Rank. On average, this group has lost an average of 31.2% so far this year, meaning that ACEL is performing better in terms of year-to-date returns.
On the other hand, Alto Ingredients belongs to the Consumer Products – Discretionary industry. This 28-stock industry is currently ranked #161. The industry has moved +14.8% year to date.
Accel Entertainment and Alto Ingredients could continue their solid performance, so investors interested in Consumer Discretionary stocks should continue to pay close attention to these stocks.
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Accel Entertainment, Inc. (ACEL) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
