The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has iQIYI, Inc. Sponsored (IQ) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
iQIYI, Inc. Sponsored is one of 244 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits at #9 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. IQ is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for IQ's full-year earnings has moved 17.86% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, IQ has gained about 23.74% so far this year. Meanwhile, stocks in the Consumer Discretionary group have gained about 20.60% on average. This means that iQIYI, Inc. Sponsored is performing better than its sector in terms of year-to-date returns.
Looking more specifically, IQ belongs to the Film and Television Production and Distribution industry, which includes 7 individual stocks and currently sits at #176 in the Zacks Industry Rank. On average, this group has gained an average of 6.39% so far this year, meaning that IQ is performing better in terms of year-to-date returns.
Going forward, investors interested in Consumer Discretionary stocks should continue to pay close attention to IQ as it looks to continue its solid performance.
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iQIYI, Inc. Sponsored ADR (IQ) : Free Stock Analysis Report
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