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? By taking a look at the stock's year-to-date performance in comparison to its Consumer Discretionary peers, we might be able to answer that question.
Comcast is one of 245 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit at #3 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 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 #2 (Buy).
The Zacks Consensus Estimate for CMCSA's full-year earnings has moved 2.99% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, CMCSA has moved about 23.35% on a year-to-date basis. At the same time, Consumer Discretionary stocks have gained an average of 20.48%. This means that Comcast is performing better than its sector in terms of year-to-date returns.
Breaking things down more, CMCSA is a member of the Cable Television industry, which includes 11 individual companies and currently sits at #186 in the Zacks Industry Rank. This group has gained an average of 23.15% so far this year, so CMCSA is performing better in this area.
CMCSA 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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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of NASDAQ, Inc.