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Has Glu Mobile (GLUU) Outpaced Other Consumer Discretionary Stocks This Year?

Zacks Equity Research
Updated
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Investors interested in Consumer Discretionary stocks should always be looking to find the best-performing companies in the group. Is Glu Mobile (GLUU) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Consumer Discretionary peers, we might be able to answer that question.

Glu Mobile is a member of the Consumer Discretionary sector. This group includes 243 individual stocks and currently holds a Zacks Sector Rank of #13. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. GLUU is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for GLUU's full-year earnings has moved 50% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

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Our latest available data shows that GLUU has returned about 99.18% since the start of the calendar year. Meanwhile, stocks in the Consumer Discretionary group have gained about 3.92% on average. This means that Glu Mobile is performing better than its sector in terms of year-to-date returns.

Breaking things down more, GLUU is a member of the Toys - Games - Hobbies industry, which includes 8 individual companies and currently sits at #177 in the Zacks Industry Rank. This group has gained an average of 11.17% so far this year, so GLUU is performing better in this area.

Investors in the Consumer Discretionary sector will want to keep a close eye on GLUU as it attempts to continue its solid performance.


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