Investors focused on the Consumer Discretionary space have likely heard of Clarus (CLAR), 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 CLAR and the rest of the Consumer Discretionary group's stocks.
Clarus is one of 246 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits at #6 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 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. CLAR is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for CLAR's full-year earnings has moved 6.82% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, CLAR has moved about 24.60% on a year-to-date basis. Meanwhile, stocks in the Consumer Discretionary group have gained about 17.84% on average. This means that Clarus is outperforming the sector as a whole this year.
Looking more specifically, CLAR belongs to the Leisure and Recreation Products industry, which includes 17 individual stocks and currently sits at #180 in the Zacks Industry Rank. On average, stocks in this group have gained 20.33% this year, meaning that CLAR is performing better in terms of year-to-date returns.
Investors with an interest in Consumer Discretionary stocks should continue to track CLAR. The stock will be looking to continue its solid performance.
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