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Is Glu Mobile (GLUU) Outperforming Other Consumer Discretionary Stocks This Year?

Zacks Equity Research
Updated
Best Buy (BBY) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Glu Mobile (GLUU) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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 242 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit at #9 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 is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. GLUU is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for GLUU's full-year earnings has moved 60% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

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Based on the most recent data, GLUU has returned 97.80% so far this year. Meanwhile, stocks in the Consumer Discretionary group have gained about 6.46% on average. This means that Glu Mobile is performing better than its sector in terms of year-to-date returns.

To break things down more, GLUU belongs to the Toys - Games - Hobbies industry, a group that includes 8 individual companies and currently sits at #124 in the Zacks Industry Rank. On average, stocks in this group have gained 19.88% this year, meaning that GLUU is performing better in terms of year-to-date returns.

Going forward, investors interested in Consumer Discretionary stocks should continue to pay close attention to GLUU as it looks to continue its solid performance.


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