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Investors interested in Consumer Discretionary stocks should always be looking to find the best-performing companies in the group. Has Accel Entertainment (ACEL) been one of those stocks this year? Let’s take a closer look at the stock’s year-to-date performance to find out.<\/p>\n
Accel Entertainment is a member of the Consumer Discretionary sector. This group includes 246 individual stocks and currently holds a Zacks Sector Rank of #8. 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.<\/p>\n
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. Accel Entertainment is currently sporting a Zacks Rank of #2 (Buy).<\/p>\n
The Zacks Consensus Estimate for ACEL’s full-year earnings has moved 2.2% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.<\/p>\n
According to our latest data, ACEL has moved about 15.7% on a year-to-date basis. At the same time, Consumer Discretionary stocks have lost an average of 8.1%. This means that Accel Entertainment is outperforming the sector as a whole this year.<\/p>\n
One other Consumer Discretionary stock that has outperformed the sector so far this year is Hugo Boss (BOSSY). The stock is up 13.8% year-to-date.<\/p>\n
For Hugo Boss, the consensus EPS estimate for the current year has increased 3.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).<\/p>\n
Looking more specifically, Accel Entertainment belongs to the Gaming industry, which includes 38 individual stocks and currently sits at #152 in the Zacks Industry Rank. On average, this group has lost an average of 18.4% so far this year, meaning that ACEL is performing better in terms of year-to-date returns.<\/p>\n
Hugo Boss, however, belongs to the Textile – Apparel industry. Currently, this 22-stock industry is ranked #88. The industry has moved -4.9% so far this year.<\/p>\n
Going forward, investors interested in Consumer Discretionary stocks should continue to pay close attention to Accel Entertainment and Hugo Boss as they could maintain their solid performance.<\/p>\n
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report<\/a><\/p>\n Accel Entertainment, Inc. (ACEL) : Free Stock Analysis Report<\/a><\/p>\n