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Is Tailored Brands (TLRD) Outperforming Other Consumer Discretionary Stocks This Year?

Zacks Equity Research
Updated
Kinder Morgan (KMI) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Tailored Brands (TLRD) 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.

Tailored Brands is a member of our Consumer Discretionary group, which includes 246 different companies and currently sits at #11 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

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. TLRD is currently sporting a Zacks Rank of #2 (Buy).

Over the past three months, the Zacks Consensus Estimate for TLRD's full-year earnings has moved 11.94% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

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Based on the latest available data, TLRD has gained about 53.78% so far this year. Meanwhile, stocks in the Consumer Discretionary group have gained about 4.33% on average. This means that Tailored Brands is outperforming the sector as a whole this year.

Looking more specifically, TLRD belongs to the Textile - Apparel industry, a group that includes 24 individual stocks and currently sits at #24 in the Zacks Industry Rank. On average, this group has gained an average of 23.52% so far this year, meaning that TLRD is performing better in terms of year-to-date returns.

Going forward, investors interested in Consumer Discretionary stocks should continue to pay close attention to TLRD as it looks to continue its solid performance.


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