Is Legacy Education Inc. (LGCY) Stock Outpacing Its Consumer Discretionary Peers 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 Legacy Education Inc. (LGCY) 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.Legacy Education Inc. is one of 265 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit at #5 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 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. Legacy Education Inc. is currently sporting a Zacks Rank of #2 (Buy).Within the past quarter, the Zacks Consensus Estimate for LGCY's full-year earnings has moved 13.9% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.Based on the most recent data, LGCY has returned 5.9% so far this year. Meanwhile, the Consumer Discretionary sector has returned an average of 5.7% on a year-to-date basis. This shows that Legacy Education Inc. is outperforming its peers so far this year.Another Consumer Discretionary stock, which has outperformed the sector so far this year, is Lionsgate Studios Corp. (LION). The stock has returned 12.5% year-to-date.In Lionsgate Studios Corp.'s case, the consensus EPS estimate for the current year increased 113.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).To break things down more, Legacy Education Inc. belongs to the Schools industry, a group that includes 18 individual companies and currently sits at #37 in the Zacks Industry Rank. On average, this group has gained an average of 10.4% so far this year, meaning that LGCY is slightly underperforming its industry in terms of year-to-date returns.In contrast, Lionsgate Studios Corp. falls under the Media Conglomerates industry. Currently, this industry has 13 stocks and is ranked #42. Since the beginning of the year, the industry has moved +2.1%.Legacy Education Inc. and Lionsgate Studios Corp. could continue their solid performance, so investors interested in Consumer Discretionary stocks should continue to pay close attention to these stocks.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant 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 Legacy Education Inc. (LGCY): Free Stock Analysis Report Lionsgate Studios Corp. (LION): 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