Investors focused on the Consumer Discretionary space have likely heard of Weight Watchers International (WTW), but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of WTW and the rest of the Consumer Discretionary group's stocks.
Weight Watchers International is a member of the Consumer Discretionary sector. This group includes 243 individual stocks and currently holds a Zacks Sector Rank of #13. 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. WTW is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for WTW's full-year earnings has moved 3.79% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, WTW has gained about 68.95% so far this year. Meanwhile, the Consumer Discretionary sector has returned an average of 5.61% on a year-to-date basis. As we can see, Weight Watchers International is performing better than its sector in the calendar year.
Looking more specifically, WTW belongs to the Consumer Services - Miscellaneous industry, which includes 9 individual stocks and currently sits at #118 in the Zacks Industry Rank. This group has gained an average of 10.77% so far this year, so WTW is performing better in this area.
Going forward, investors interested in Consumer Discretionary stocks should continue to pay close attention to WTW as it looks to continue its solid performance.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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