Investors interested in Consumer Discretionary stocks should always be on the lookout for top-performing companies in the sector. One such company to consider is Churchill Downs (CHDN).
Churchill Downs is part of the Consumer Discretionary group, which consists of 281 companies and currently holds the #15 spot in the Zacks Sector Rank. The Zacks Sector Rank evaluates the strength of each group by considering the average Zacks Rank of individual stocks within the sector.
With a Zacks Rank of #2 (Buy), Churchill Downs has shown positive characteristics in terms of earnings estimates and revisions. Over the past three months, the Zacks Consensus Estimate for CHDN’s full-year earnings has increased by 8.3%, indicating a more positive outlook.
Year-to-date, CHDN has returned approximately 2.8%, outperforming the average return of -2.5% for Consumer Discretionary companies. However, it is slightly underperforming its industry, the Gaming sector, which has seen gains of 25.9% so far this year.
Another stock to watch in the Consumer Discretionary sector is Lincoln Educational Services Corporation (LINC), which has returned 20.1% since the beginning of the year. With a consensus EPS estimate increase of 17.1% over the past three months and a Zacks Rank of #2 (Buy), LINC is also showing strong performance.
Investors interested in Consumer Discretionary stocks should keep an eye on both Churchill Downs and Lincoln Educational Services Corporation as these companies continue to deliver solid results.