The Consumer Discretionary sector offers a variety of stocks for investors to consider, but it’s important to identify companies that are outperforming their peers. Flexsteel Industries (FLXS) is one such stock worth exploring. A comparison of its year-to-date performance against others in the sector can provide insight into its potential.
Flexsteel Industries is part of the Consumer Discretionary group, which currently ranks #9 within the Zacks Sector Rank. The Zacks Rank, which focuses on earnings estimates and revisions, rates FLXS as a #2 (Buy) stock. Over the past three months, analysts have raised their full-year earnings estimate for FLXS by 7.2%, indicating a positive outlook for the company.
Year-to-date, FLXS has shown a strong performance, with a 93.6% increase, outperforming the sector’s average return of -1.5%. Another standout stock in the sector is Naspers Ltd. (NPSNY), which has gained 20.9% year-to-date and holds a Zacks Rank #1 (Strong Buy).
In terms of industry rankings, Flexsteel Industries operates in the Furniture industry, which has seen a 3.3% increase in returns this year. FLXS is performing better than the industry average. On the other hand, Naspers Ltd. operates in the Cable Television industry, which has experienced a -15.7% decline since the beginning of the year.
Investors interested in Consumer Discretionary stocks should keep an eye on both Flexsteel Industries and Naspers Ltd. as they continue to deliver solid performances. Stay informed with the latest recommendations from Zacks Investment Research for potential investment opportunities.