Group 1 - Alto Ingredients (ALTO) is part of the Consumer Discretionary group, which includes 265 companies and is currently ranked 9 in the Zacks Sector Rank [2] - The Zacks Rank system indicates that ALTO has a strong buy rating (1), with a 73% increase in the consensus earnings estimate for the full year over the past quarter, reflecting improved analyst sentiment [3] - Year-to-date, ALTO has gained approximately 3.9%, outperforming the average return of 2.7% for Consumer Discretionary companies [4] Group 2 - Alto Ingredients belongs to the Consumer Products - Discretionary industry, which consists of 26 companies and is currently ranked 178 in the Zacks Industry Rank; this industry has seen an average loss of 10.3% this year, indicating ALTO's relative strength [5] - In comparison, fuboTV Inc. (FUBO), another outperforming stock in the Consumer Discretionary sector, has increased by 212.7% year-to-date, with a 50% rise in its consensus EPS estimate over the past three months [4][5] - The Broadcast Radio and Television industry, to which fuboTV belongs, has performed well with a year-to-date increase of 26.8%, suggesting a favorable environment for both ALTO and FUBO [6]
Is Alto Ingredients (ALTO) Outperforming Other Consumer Discretionary Stocks This Year?