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

The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Accel Entertainment (ACEL) one of those stocks right now? 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 254 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits at #11 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Accel Entertainment is currently sporting a Zacks Rank of #2 (Buy).Over the past three months, the Zacks Consensus Estimate for ACEL's full-year earnings has moved 10.1% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.Based on the latest available data, ACEL has gained about 18.4% so far this year. In comparison, Consumer Discretionary companies have returned an average of 10.7%. This means that Accel Entertainment is performing better than its sector in terms of year-to-date returns.Another Consumer Discretionary stock, which has outperformed the sector so far this year, is Bassett Furniture (BSET). The stock has returned 35.3% year-to-date.For Bassett Furniture, the consensus EPS estimate for the current year has increased 17.9% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).To break things down more, Accel Entertainment belongs to the Gaming industry, a group that includes 39 individual companies and currently sits at #57 in the Zacks Industry Rank. On average, stocks in this group have gained 19.3% this year, meaning that ACEL is slightly underperforming its industry in terms of year-to-date returns. Bassett Furniture, however, belongs to the Furniture industry. Currently, this 8-stock industry is ranked #188. The industry has moved -19.7% so far this year.Going forward, investors interested in Consumer Discretionary stocks should continue to pay close attention to Accel Entertainment and Bassett Furniture as they could maintain their solid performance.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 a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.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 Accel Entertainment, Inc. (ACEL): Free Stock Analysis Report Bassett Furniture Industries, Incorporated (BSET): 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