Is Comcast (CMCSA) Stock Outpacing Its Consumer Discretionary Peers This Year?
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 Comcast (CMCSA) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Comcast is one of 244 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits at #7 within the Zacks Sector Rank. 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. CMCSA is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for CMCSA's full-year earnings has moved 9.90% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, CMCSA has moved about 21.06% on a year-to-date basis. At the same time, Consumer Discretionary stocks have gained an average of 18.24%. 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, a group that includes 11 individual stocks and currently sits at #167 in the Zacks Industry Rank. Stocks in this group have gained about 25.26% so far this year, so CMCSA is slightly underperforming its industry this group in terms of year-to-date returns.
Going forward, investors interested in Consumer Discretionary stocks should continue to pay close attention to CMCSA as it looks to continue its solid performance.
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