Has Glu Mobile (GLUU) Outpaced Other Consumer Discretionary Stocks This Year?
Investors focused on the Consumer Discretionary space have likely heard of Glu Mobile (GLUU), but is the stock performing well in comparison to the rest of its sector peers? 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.
Glu Mobile is one of 250 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit at #8 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. GLUU is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for GLUU's full-year earnings has moved 22.03% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, GLUU has gained about 10.90% so far this year. Meanwhile, stocks in the Consumer Discretionary group have gained about 10.72% on average. As we can see, Glu Mobile is performing better than its sector in the calendar year.
Looking more specifically, GLUU belongs to the Toys - Games - Hobbies industry, a group that includes 8 individual stocks and currently sits at #29 in the Zacks Industry Rank. On average, this group has gained an average of 1.17% so far this year, meaning that GLUU is performing better in terms of year-to-date returns.
GLUU will likely be looking to continue its solid performance, so investors interested in Consumer Discretionary stocks should continue to pay close attention to the company.
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