Investors interested in Consumer Discretionary stocks should always be looking to find the best-performing companies in the group. Has SharkNinja, Inc. (SN) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Consumer Discretionary peers, we might be able to answer that question.
SharkNinja, Inc. is a member of our Consumer Discretionary group, which includes 259 different companies and currently sits at #10 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. SharkNinja, Inc. is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for SN's full-year earnings has moved 0.2% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that SN has returned about 36.9% since the start of the calendar year. In comparison, Consumer Discretionary companies have returned an average of -9.6%. As we can see, SharkNinja, Inc. is performing better than its sector in the calendar year.
One other Consumer Discretionary stock that has outperformed the sector so far this year is Snail, Inc. (SNAL). The stock is up 11.4% year-to-date.
Over the past three months, Snail, Inc.'s consensus EPS estimate for the current year has increased 3200%. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, SharkNinja, Inc. belongs to the Consumer Products - Discretionary industry, a group that includes 27 individual stocks and currently sits at #189 in the Zacks Industry Rank. This group has gained an average of 9.2% so far this year, so SN is performing better in this area.
Snail, Inc., however, belongs to the Gaming industry. Currently, this 41-stock industry is ranked #183. The industry has moved -16.4% so far this year.
SharkNinja, Inc. and Snail, Inc. could continue their solid performance, so investors interested in Consumer Discretionary stocks should continue to pay close attention to these stocks.
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