Is Comcast (CMCSA) Outperforming Other Consumer Discretionary Stocks This Year?
Investors focused on the Consumer Discretionary space have likely heard of Comcast (CMCSA), but is the stock performing well in comparison to the rest of its sector peers? 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.
Comcast is a member of the Consumer Discretionary sector. This group includes 246 individual stocks and currently holds a Zacks Sector Rank of #4. 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. CMCSA is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for CMCSA's full-year earnings has moved 0.02% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that CMCSA has returned about 18.27% since the start of the calendar year. Meanwhile, stocks in the Consumer Discretionary group have gained about 16.90% on average. This means that Comcast is performing better than its sector in terms of year-to-date returns.
Looking more specifically, CMCSA belongs to the Cable Television industry, which includes 11 individual stocks and currently sits at #61 in the Zacks Industry Rank. This group has gained an average of 19.88% so far this year, so CMCSA is slightly underperforming its industry in this area.
Investors in the Consumer Discretionary sector will want to keep a close eye on CMCSA as it attempts to continue its solid performance.
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