Is Accel Entertainment (ACEL) Outperforming Other Consumer Discretionary Stocks This Year?

For those looking to find strong Consumer Discretionary stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Accel Entertainment (ACEL) been one of those stocks this year? 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.Accel Entertainment is one of 272 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit at #4 in the Zacks Sector Rank. 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. Accel Entertainment is currently sporting a Zacks Rank of #2 (Buy).The Zacks Consensus Estimate for ACEL's full-year earnings has moved 6% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.Based on the latest available data, ACEL has gained about 17.7% so far this year. In comparison, Consumer Discretionary companies have returned an average of 17.1%. This means that Accel Entertainment is outperforming the sector as a whole this year.One other Consumer Discretionary stock that has outperformed the sector so far this year is Marcus (MCS). The stock is up 53.4% year-to-date.The consensus estimate for Marcus' current year EPS has increased 310.7% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).Looking more specifically, Accel Entertainment belongs to the Gaming industry, which includes 42 individual stocks and currently sits at #148 in the Zacks Industry Rank. On average, stocks in this group have gained 28.3% this year, meaning that ACEL is slightly underperforming its industry in terms of year-to-date returns.In contrast, Marcus falls under the Leisure and Recreation Services industry. Currently, this industry has 32 stocks and is ranked #18. Since the beginning of the year, the industry has moved +24.3%.Accel Entertainment and Marcus could continue their solid performance, so investors interested in Consumer Discretionary stocks should continue to pay close attention to these stocks.5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Accel Entertainment, Inc. (ACEL): Free Stock Analysis Report Marcus Corporation (The) (MCS): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks