Is Boyd Gaming (BYD) 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 Boyd Gaming (BYD) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.Boyd Gaming is one of 255 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits at #8 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 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. Boyd Gaming is currently sporting a Zacks Rank of #2 (Buy).The Zacks Consensus Estimate for BYD's full-year earnings has moved 7.1% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.According to our latest data, BYD has moved about 18.1% on a year-to-date basis. Meanwhile, stocks in the Consumer Discretionary group have gained about 10.9% on average. This means that Boyd Gaming is performing better than its sector in terms of year-to-date returns.Skillz Inc. (SKLZ) is another Consumer Discretionary stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 73.2%.In Skillz Inc.'s case, the consensus EPS estimate for the current year increased 7.5% over the past three months. The stock currently has a Zacks Rank #2 (Buy).Looking more specifically, Boyd Gaming belongs to the Gaming industry, which includes 40 individual stocks and currently sits at #99 in the Zacks Industry Rank. On average, this group has gained an average of 25.4% so far this year, meaning that BYD is slightly underperforming its industry in terms of year-to-date returns. Skillz Inc. is also part of the same industry.Going forward, investors interested in Consumer Discretionary stocks should continue to pay close attention to Boyd Gaming and Skillz Inc. as they could maintain their solid performance.Higher. Faster. Sooner. Buy These Stocks NowA small number of stocks are primed for a breakout, and you have a chance to get in before they take off.At any given time, there are only 220 Zacks Rank #1 Strong Buys. On average, this list more than doubles the S&P 500. We’ve combed through the latest Strong Buys and selected 7 compelling companies likely to jump sooner and climb higher than any other stock you could buy this month.You'll learn everything you need to know about these exciting trades in our brand-new Special Report, 7 Best Stocks for the Next 30 Days.Download the report free now >>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 Boyd Gaming Corporation (BYD): Free Stock Analysis Report Skillz Inc. (SKLZ): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks