Investors focused on the Consumer Discretionary space have likely heard of Roku (ROKU Quick QuoteROKU - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.

Roku is a member of our Consumer Discretionary group, which includes 243 different companies and currently sits at #8 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. ROKU is currently sporting a Zacks Rank of #1 (Strong Buy).

Within the past quarter, the Zacks Consensus Estimate for ROKU's full-year earnings has moved 13.04% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Based on the most recent data, ROKU has returned 320.23% so far this year. At the same time, Consumer Discretionary stocks have gained an average of 17.42%. This means that Roku is outperforming the sector as a whole this year.

To break things down more, ROKU belongs to the Broadcast Radio and Television industry, a group that includes 24 individual companies and currently sits at #169 in the Zacks Industry Rank. On average, stocks in this group have gained 8.55% this year, meaning that ROKU is performing better in terms of year-to-date returns.

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