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Is Malibu Boats (MBUU) Stock Outpacing Its Consumer Discretionary Peers This Year?
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Investors focused on the Consumer Discretionary space have likely heard of Malibu Boats (MBUU - Free Report) , 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 242 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit at #11 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 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).
Over the past 90 days, the Zacks Consensus Estimate for MBUU's full-year earnings has moved 14.64% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, MBUU has returned 77.90% so far this year. At the same time, Consumer Discretionary stocks have gained an average of 6.84%. This means that Malibu Boats is outperforming the sector as a whole this year.
Breaking things down more, MBUU is a member of the Leisure and Recreation Products industry, which includes 14 individual companies and currently sits at #25 in the Zacks Industry Rank. On average, this group has gained an average of 18.41% so far this year, meaning that MBUU is performing better in terms of year-to-date returns.
MBUU will likely be looking to continue its solid performance, so investors interested Consumer Discretionary stocks should continue to pay close attention to the company.
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Is Malibu Boats (MBUU) Stock Outpacing Its Consumer Discretionary Peers This Year?
Investors focused on the Consumer Discretionary space have likely heard of Malibu Boats (MBUU - Free Report) , 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 242 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit at #11 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 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).
Over the past 90 days, the Zacks Consensus Estimate for MBUU's full-year earnings has moved 14.64% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, MBUU has returned 77.90% so far this year. At the same time, Consumer Discretionary stocks have gained an average of 6.84%. This means that Malibu Boats is outperforming the sector as a whole this year.
Breaking things down more, MBUU is a member of the Leisure and Recreation Products industry, which includes 14 individual companies and currently sits at #25 in the Zacks Industry Rank. On average, this group has gained an average of 18.41% so far this year, meaning that MBUU is performing better in terms of year-to-date returns.
MBUU will likely be looking to continue its solid performance, so investors interested Consumer Discretionary stocks should continue to pay close attention to the company.