Is PENN Entertainment, Inc. (PENN) Stock Outpacing Its Consumer Discretionary Peers This Year?

• PENN
  -0.19%
• ASAIY
  +0.53%

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 <a href="https://comicvibe.com/are-investors-undervaluing-penn-<a href="https://comicvibe.com/from-storylines-to-strategies-addressing-ai-amplified-trade-secret-leak-threats-in-entertainment/” title=”From Storylines to Strategies: Addressing AI-Amplified Trade Secret Leak Threats in Entertainment”>entertainment-inc-penn-right-now/” title=”Are Investors Undervaluing PENN Entertainment, Inc. (PENN) Right Now?”>PENN Entertainment (PENN) been one of those stocks this year? 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.

PENN Entertainment is one of 260 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits at #11 within 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 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. PENN Entertainment is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past three months, the Zacks Consensus Estimate for PENN’s full-year earnings has moved 17.2% higher. This means that analyst sentiment is stronger and the stock’s earnings outlook is improving.

According to our latest data, PENN has moved about 4.4% on a year-to-date basis. Meanwhile, the Consumer Discretionary sector has returned an average of -13.4% on a year-to-date basis. This means that PENN Entertainment is outperforming the sector as a whole this year.

One other Consumer Discretionary stock that has outperformed the sector so far this year is Sendas Distribuidora S.A. Sponsored ADR (ASAIY). The stock is up 98.7% year-to-date.

Over the past three months, Sendas Distribuidora S.A. Sponsored ADR’s consensus EPS estimate for the current year has increased 2%. The stock currently has a Zacks Rank #2 (Buy).

Looking more specifically, PENN Entertainment belongs to the Gaming industry, a group that includes 42 individual stocks and currently sits at #160 in the Zacks Industry Rank. Stocks in this group have lost about 32.8% so far this year, so PENN is performing better this group in terms of year-to-date returns.

On the other hand, Sendas Distribuidora S.A. Sponsored ADR belongs to the Consumer Products – Discretionary industry. This 28-stock industry is currently ranked #193. The industry has moved +8.6% year to date.

Going forward, investors interested in Consumer Discretionary stocks should continue to pay close attention to PENN Entertainment and Sendas Distribuidora S.A. Sponsored ADR as they could maintain their solid performance.