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Has Malibu Boats (MBUU) Outpaced Other Consumer Discretionary Stocks This Year?

Zacks Equity Research
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Investors interested in Consumer Discretionary stocks should always be looking to find the best-performing companies in the group. Is Malibu Boats (MBUU) one of those stocks right now? 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.

Malibu Boats is one of 244 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit at #7 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

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. MBUU is currently sporting a Zacks Rank of #1 (Strong Buy).

The Zacks Consensus Estimate for MBUU's full-year earnings has moved 4.11% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

Based on the latest available data, MBUU has gained about 9.05% so far this year. At the same time, Consumer Discretionary stocks have gained an average of 21.92%. This means that Malibu Boats is outperforming the sector as a whole this year.

Looking more specifically, MBUU belongs to the Leisure and Recreation Products industry, a group that includes 16 individual stocks and currently sits at #27 in the Zacks Industry Rank. Stocks in this group have gained about 28.88% so far this year, so MBUU is slightly underperforming its industry this group in terms of year-to-date returns.

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


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