The Consumer Discretionary group has many great stocks, but investors should always look for companies that outperform their peers. Flexsteel Industries (FLXS) is a stock that has caught the attention of many investors, but how does its recent performance compare to the sector as a whole?
Flexsteel Industries is part of the Consumer Discretionary group, which includes 285 companies and currently ranks #9 in the Zacks Sector Rank. The Zacks Rank evaluates earnings estimates and revisions to identify stocks with improving earnings outlooks. Flexsteel Industries currently holds a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for FLXS’ full-year earnings has increased by 7.2% in the past quarter, indicating a positive sentiment among analysts. Year-to-date, FLXS has gained about 78%, while the average loss for Consumer Discretionary stocks is 1.2%. This shows that Flexsteel Industries is outperforming its sector this year.
Another Consumer Discretionary stock that has outperformed the sector is Gildan Activewear (GIL), with a return of 8.3% year-to-date. Gildan Activewear also holds a Zacks Rank of #2 (Buy).
Flexsteel Industries belongs to the Furniture industry, which has seen an average gain of 4.4% year-to-date. On the other hand, Gildan Activewear is part of the Textile – Apparel industry, which has moved -20% year-to-date.
Both Flexsteel Industries and Gildan Activewear have shown strong performance, making them worth watching for investors interested in Consumer Discretionary stocks.