4 Leisure Stocks Likely To Surpass Q4 Earnings Estimates

The leisure industry is widely diversified in nature and comprises companies that provide recreational products and services such as swimming pools, golf courses, boats, outdoor spaces, cruises, hotels and gaming services.

The leisure industry as a whole is likely to have benefited from steady rise in wages, lower unemployment, and upbeat consumer confidence. Apart from higher personal expenditure, increased demand for leisure products and services has been driving the leisure industry.

Furthermore, the boating market has been witnessing robust demand and the trend is likely to continue in the near term. According to National Marine Manufacturers Association, the boat manufacturers are continuously increasing production to support high demand. Demand for powerboats, including small sterndrive, wakeboard boats and smaller fiberglass boats with jet technology, have been rapidly rising.

Moreover, gaming industry in fourth-quarter 2019 is likely to have benefited from Improving tourism in Las Vegas and rising demand for gaming and leisure. Moreover, legalization of sports betting outside Nevada is likely to have bolstered the industry. However, Macau, the world’s largest gambling hub, has been disappointing investors as the region’s Casino gross gaming revenue (GGR) has been on the decline. Slowdown in China, tighter visa policies, political unrest and a smoking ban on mass-market gaming floors remained concerns.

How to Make the Right Pick?

Based on the abovementioned positives, it would be a good idea to add leisure stocks with the potential of reporting better-than-expected earnings in fourth-quarter 2019 to one’s portfolio.

Nonetheless, given the wide range of companies in this space, the task is by no means easy. While it is impossible to be sure of the outperformers, our proprietary methodology — a positive Earnings ESP along with a favorable Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) — makes it relatively simple. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

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