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Is Malibu Boats (MBUU) Stock Outpacing Its Consumer Discretionary Peers This Year?

Zacks Equity Research

Investors focused on the Consumer Discretionary space have likely heard of Malibu Boats (MBUU), 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.

Malibu Boats is one of 250 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit at #13 in 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 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. MBUU is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for MBUU's full-year earnings has moved 4.75% 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 5.89% so far this year. Meanwhile, the Consumer Discretionary sector has returned an average of 24.61% on a year-to-date basis. As we can see, Malibu Boats is performing better than its sector in the calendar year.

Looking more specifically, MBUU belongs to the Leisure and Recreation Products industry, a group that includes 16 individual stocks and currently sits at #187 in the Zacks Industry Rank. On average, this group has gained an average of 16.92% so far this year, meaning that MBUU is slightly underperforming its industry in terms of year-to-date returns.

MBUU will likely be looking to continue its solid performance, so investors interested in Consumer Discretionary stocks should continue to pay close attention to the company.


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