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Is Liberty Media (FWONA) Outperforming Other Consumer Discretionary Stocks This Year?

Zacks Equity Research
Best Buy (BBY) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Investors interested in Consumer Discretionary stocks should always be looking to find the best-performing companies in the group. Liberty Media (FWONA) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of FWONA and the rest of the Consumer Discretionary group's stocks.

Liberty Media is a member of our Consumer Discretionary group, which includes 245 different companies and currently sits at #12 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 system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. FWONA is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past three months, the Zacks Consensus Estimate for FWONA's full-year earnings has moved 156.69% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Based on the most recent data, FWONA has returned 8.74% so far this year. In comparison, Consumer Discretionary companies have returned an average of 6.87%. This means that Liberty Media is outperforming the sector as a whole this year.

Breaking things down more, FWONA is a member of the Media Conglomerates industry, which includes 5 individual companies and currently sits at #18 in the Zacks Industry Rank. Stocks in this group have lost about 0.29% so far this year, so FWONA is performing better this group in terms of year-to-date returns.

Investors in the Consumer Discretionary sector will want to keep a close eye on FWONA as it attempts to continue its solid performance.


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