The Consumer Discretionary group is brimming with promising stocks, but savvy investors are always on the lookout for companies that stand out from the crowd. Has The RealReal (REAL) been one of those standout performers this year? Let’s delve into the stock’s year-to-date performance to find out.
The RealReal is one of 279 individual stocks within the Consumer Discretionary sector, which currently ranks #11 in the Zacks Sector Rank. This ranking system evaluates 16 different sectors, considering the average Zacks Rank of the individual stocks within each sector to gauge its overall strength. The Zacks Rank, a proven model, highlights stocks with characteristics indicating potential to outperform the market over the next one to three months. The system prioritizes earnings estimate revisions and favors companies with an improving earnings outlook.
The RealReal currently boasts a Zacks Rank of #2 (Buy). Over the past quarter, the Zacks Consensus Estimate for REAL’s full-year earnings has risen by 7.5%. This positive shift indicates that analysts are becoming more optimistic about the stock’s earnings potential.
Based on the latest data, REAL has gained approximately 13.4% so far this year. In contrast, the Consumer Discretionary group as a whole has experienced an average loss of 2.7%. This demonstrates that The RealReal has significantly outperformed the sector in 2024.
Reservoir Media, Inc. (RSVR) is another Consumer Discretionary stock that has outperformed the sector this year. Since the beginning of the year, the stock has delivered a 2.8% return. In Reservoir Media, Inc.’s case, the consensus EPS estimate for the current year has increased by 12.5% over the past three months. The stock also carries a Zacks Rank #2 (Buy).
Looking at the industry level, The RealReal belongs to the Consumer Products – Discretionary industry, which comprises 25 individual stocks and holds the #103 spot in the Zacks Industry Rank. This group has experienced an average gain of 19.9% so far this year, indicating that REAL is slightly underperforming its specific industry.
Reservoir Media, Inc., however, falls under the Media Conglomerates industry. This industry, consisting of 15 stocks, currently ranks #26 and has seen a -4.4% decline so far this year.
Moving forward, investors interested in the Consumer Discretionary sector should keep a close eye on The RealReal and Reservoir Media, Inc., as both companies have shown promising performance and the potential to maintain their momentum.
