Is Hyatt Hotels (H) Outpacing Its Peers This Year? – November 24, 2022 | So Good News
The Consumer Discretionary sector has many stocks, but investors should look for companies that are outperforming their peers. Hyatt HotelsH – Free Report) is a stock that can attract the attention of many investors, but do its recent returns compare well with the rest of the sector? Let’s take a closer look at how the stock has performed year-to-date to find out.
Hyatt Hotels is one of 285 companies in the Consumer Discretionary category. The Consumer Discretionary sector is currently ranked #13 within the Zacks Sector Rank. The Zacks Sector Rank measures the strength of our 16 individual sector groups by measuring the Zacks Score of the stocks within the sector.
Zacks Rank is a proven model that shows the different types of stocks that have the best behavior to outperform the market in one to three months. The system emphasizes the evaluation of earnings and favors companies with good earnings prospects. Hyatt Hotels currently has a Zacks Rank of #2 (Buy).
Over the past quarter, the Zacks Consensus Estimate for H’s earnings has risen 98.5%. This shows that the opinion of experts has improved and the company’s earnings are high.
Based on recent data, H has gained about 0.4% so far this year. Meanwhile, the Consumer Discretionary sector has returned about -33% year to date. This means that Hyatt Hotels is outperforming its segment in terms of annual returns.
Another Consumer Discretionary unit, which has been the sector’s top performer so far this year, is Snap-On (SNA – Free report). The stock has returned 12% year to date.
For Snap-On, EPS estimates for this year have risen 2.2% over the past three months. It currently has a Zacks Rank #2 (Buy).
Looking more specifically, Hyatt Hotels is in the Hotels and Motels industry, which includes 15 stocks and is currently ranked #91 in the Zacks Industry Rank. The group has lost about 10.1% so far this year, so H is doing well in this area.
On the other hand, Snap-On belongs to the Tools – Handheld industry. These three companies are ranked #192. The company has moved +13.6% year to date.
Investors interested in the Consumer Discretionary sector may want to keep an eye on Hyatt Hotels and Snap-On as they try to continue their strong performance.