Is Central Garden & Pet (CENTA) Stock Outpacing Its Consumer Discretionary Peers This Year?

Investors interested in Consumer Discretionary stocks should always be on the lookout for top-performing companies in the sector. One such stock to consider is Central Garden (CENTA). Central Garden is part of the Consumer Discretionary group, which is currently ranked #14 within the Zacks Sector Rank. The Zacks Rank, a reliable model for identifying stocks with potential to outperform the market, has given Central Garden a #1 (Strong Buy) ranking.

In the past 90 days, CENTA’s full-year earnings estimate has increased by 17.1%, indicating a positive sentiment among analysts and a stronger earnings outlook for the company. So far this year, CENTA has gained 1.3%, outperforming the average loss of 5.5% for Consumer Discretionary stocks.

Another stock in the Consumer Discretionary sector that has performed well this year is CuriosityStream Inc. (CURI), which has seen a return of 101.8% since the beginning of the year. The consensus EPS estimate for CURI has also increased by 75% over the past three months, with a Zacks Rank of #2 (Buy).

Central Garden is part of the Consumer Products – Discretionary industry, which has gained an average of 2.4% this year. However, CENTA is slightly underperforming its industry. On the other hand, CURI belongs to the Film and Television Production and Distribution industry, which has seen a +0.2% increase since the start of the year.

Investors interested in Consumer Discretionary stocks should keep an eye on Central Garden and CuriosityStream Inc. as they strive to maintain their strong performance.