Is iPower (IPW) Stock Outpacing Its Consumer Discretionary Peers This Year?

Zacks Equity Research
·2-min read

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 iPower Inc. (IPW) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Discretionary sector should help us answer this question.

iPower Inc. is one of 282 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit at #9 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. iPower Inc. is currently sporting a Zacks Rank of #1 (Strong Buy).

The Zacks Consensus Estimate for IPW's full-year earnings has moved 50% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Based on the latest available data, IPW has gained about 306.7% so far this year. Meanwhile, stocks in the Consumer Discretionary group have lost about 0.1% on average. This means that iPower Inc. is outperforming the sector as a whole this year.

Another stock in the Consumer Discretionary sector, Strategic Education (STRA), has outperformed the sector so far this year. The stock's year-to-date return is 17%.

The consensus estimate for Strategic Education's current year EPS has increased 7% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).

Looking more specifically, iPower Inc. belongs to the Consumer Products - Discretionary industry, a group that includes 24 individual stocks and currently sits at #91 in the Zacks Industry Rank. This group has gained an average of 1% so far this year, so IPW is performing better in this area.

In contrast, Strategic Education falls under the Schools industry. Currently, this industry has 18 stocks and is ranked #14. Since the beginning of the year, the industry has moved -1.3%.

Going forward, investors interested in Consumer Discretionary stocks should continue to pay close attention to iPower Inc. and Strategic Education as they could maintain their solid performance.

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