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Entravision Communications Corporation (EVC) - free report >>
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Entravision Communications Corporation (EVC) - free report >>
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Is Entravision Communications (EVC) Stock Outpacing Its Consumer Discretionary Peers This Year?
Investors interested in Consumer Discretionary stocks should always be looking to find the best-performing companies in the group. Has Entravision Communications (EVC - Free Report) been one of those stocks this year? 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.
Entravision Communications is a member of the Consumer Discretionary sector. This group includes 261 individual stocks and currently holds a Zacks Sector Rank of #7. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. EVC is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for EVC's full-year earnings has moved 10.81% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, EVC has returned 173.09% so far this year. In comparison, Consumer Discretionary companies have returned an average of -1.78%. This shows that Entravision Communications is outperforming its peers so far this year.
Breaking things down more, EVC is a member of the Broadcast Radio and Television industry, which includes 21 individual companies and currently sits at #108 in the Zacks Industry Rank. This group has gained an average of 14.04% so far this year, so EVC is performing better in this area.
Going forward, investors interested in Consumer Discretionary stocks should continue to pay close attention to EVC as it looks to continue its solid performance.