Yahoo Finance Is Boyd Gaming (BYD) Stock Outpacing Its Consumer Discretionary Peers This Year?
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 Boyd Gaming (BYD) 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.
Boyd Gaming is one of 281 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit at #9 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 proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Boyd Gaming is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for BYD's full-year earnings has moved 5.4% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that BYD has returned about 21.9% since the start of the calendar year. At the same time, Consumer Discretionary stocks have gained an average of 15.4%. This shows that Boyd Gaming is outperforming its peers so far this year.
International Game Technology (IGT) is another Consumer Discretionary stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 19.6%.
For International Game Technology, the consensus EPS estimate for the current year has increased 1.8% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Boyd Gaming belongs to the Gaming industry, a group that includes 40 individual companies and currently sits at #62 in the Zacks Industry Rank. On average, stocks in this group have gained 23.5% this year, meaning that BYD is slightly underperforming its industry in terms of year-to-date returns. International Game Technology is also part of the same industry.
Investors interested in the Consumer Discretionary sector may want to keep a close eye on Boyd Gaming and International Game Technology as they attempt to continue their solid performance.
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Boyd Gaming Corporation (BYD) : Free Stock Analysis Report
International Game Technology (IGT) : Free Stock Analysis Report
