Investors interested in consumer discretionary stocks should always look for the best performing companies in the group. Is Capcom Co. (CCOEY) one of these actions at the moment? By taking a look at the performance since the start of the year compared to its discretionary consumer peers, we may be able to answer this question.
Capcom Co. is one of 242 companies in the Consumer Discretionary group. The Consumer Discretionary group currently ranks 7th in the Zacks sector ranking. The Zacks sector ranking assesses the strength of our 16 individual sector groups by measuring the average Zacks ranking of individual actions within groups.
The Zacks Ranking is a successful stock selection model that emphasizes profit estimates and revisions to estimates. The system highlights a number of different stocks that may be on the verge of outperforming the overall market over the next one to three months. CCOEY currently has a # 1 Zacks rank (Strong Buy).
During the last quarter, Zacks’ consensus estimate for CCOEY’s annual profits increased by 4.05%. This means that analysts’ sentiment is stronger and that the stock’s earnings outlook is improving.
According to our latest data, CCOEY has evolved by approximately 8.74% on a cumulative basis. Meanwhile, the Consumer Discretionary group’s shares lost about 23.90% on average. This shows that Capcom Co. has outperformed its peers so far this year.
To further break things down, CCOEY belongs to the gaming industry, a group that includes 26 individual companies and currently ranks # 151 in the Zacks industry ranking. This group has lost an average of 36.92% so far this year, so CCOEY is performing better in this area.
In the future, investors interested in consumer discretionary stocks should continue to pay particular attention to CCOEY, which seeks to continue its solid performance.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.