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Is Glu Mobile (GLUU) Stock Outpacing Its Consumer Discretionary Peers This Year?

Zacks Equity Research
Updated
Does FireEye (FEYE) have what it takes to be a top stock pick for momentum investors? Let's find out.

For those looking to find strong Consumer Discretionary stocks, it is prudent to search for companies in the group 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? One simple way to answer this question is to take a look at the year-to-date performance of GLUU and the rest of the Consumer Discretionary group's stocks.

Glu Mobile is one of 243 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits at #11 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.

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).

Within the past quarter, the Zacks Consensus Estimate for GLUU's full-year earnings has moved 50% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

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Based on the latest available data, GLUU has gained about 73.35% so far this year. Meanwhile, the Consumer Discretionary sector has returned an average of 2.93% on a year-to-date basis. This means that Glu Mobile is performing better than its sector in terms of year-to-date returns.

Looking more specifically, GLUU belongs to the Toys - Games - Hobbies industry, a group that includes 8 individual stocks and currently sits at #179 in the Zacks Industry Rank. On average, this group has gained an average of 13.54% 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 Consumer Discretionary stocks should continue to pay close attention to the company.


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