Are Consumer Discretionary Stocks Lagging Adtalem Global Education (ATGE) This Year?

The Consumer Discretionary sector is home to many great stocks, but it’s important for investors to identify companies that are outperforming their peers. One such stock to consider is Adtalem Global Education (ATGE). Let’s take a closer look at how ATGE has been performing compared to the rest of the Consumer Discretionary sector this year.

Adtalem Global Education is part of the Consumer Discretionary group, which currently ranks at #10 within the Zacks Sector Rank. The Zacks Sector Rank assesses the strength of sector groups by analyzing the average Zacks Rank of individual stocks within each group.

ATGE currently boasts a Zacks Rank of #1 (Strong Buy), indicating that it has the right characteristics to outperform the market over the next one to three months. Analyst sentiment towards ATGE has been positive, with the Zacks Consensus Estimate for its full-year earnings increasing by 5.7% in the past quarter.

Year-to-date, ATGE has gained approximately 10.6%, outpacing the average return of -2.1% for Consumer Discretionary companies. Another stock in the sector that has performed well this year is Skechers (SKX), which has seen an 11.6% increase in its stock price.

In terms of industry rankings, ATGE belongs to the Schools industry, which is currently ranked at #28 in the Zacks Industry Rank. The Schools industry has gained an average of 2.3% so far this year, indicating that ATGE is performing better in terms of year-to-date returns.

On the other hand, Skechers falls under the Shoes and Retail Apparel industry, which is ranked at #33 and has seen a decline of -9.3% since the beginning of the year.

Investors interested in Consumer Discretionary stocks should keep a close eye on both Adtalem Global Education and Skechers, as they have shown strong performance and could continue to do well in the future.