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Is LiveOne (LVO) Stock Outpacing Its Consumer Discretionary Peers This Year?

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For those looking to find strong Consumer Discretionary stocks, it is prudent to search for companies in the group that are outperforming their peers. Is LiveOne (LVO - Free Report) one of those stocks right now? 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.

LiveOne is a member of the Consumer Discretionary sector. This group includes 286 individual stocks and currently holds a Zacks Sector Rank of #13. 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. LiveOne is currently sporting a Zacks Rank of #2 (Buy).

Over the past 90 days, the Zacks Consensus Estimate for LVO's full-year earnings has moved 27.3% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Our latest available data shows that LVO has returned about 33.1% since the start of the calendar year. At the same time, Consumer Discretionary stocks have gained an average of 3.1%. This shows that LiveOne is outperforming its peers so far this year.

Another stock in the Consumer Discretionary sector, QuantaSing Group Limited Unsponsored ADR (QSG - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 162.8%.

In QuantaSing Group Limited Unsponsored ADR's case, the consensus EPS estimate for the current year increased 319.4% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).

To break things down more, LiveOne belongs to the Audio Video Production industry, a group that includes 7 individual companies and currently sits at #200 in the Zacks Industry Rank. On average, this group has lost an average of 8.3% so far this year, meaning that LVO is performing better in terms of year-to-date returns.

In contrast, QuantaSing Group Limited Unsponsored ADR falls under the Schools industry. Currently, this industry has 19 stocks and is ranked #15. Since the beginning of the year, the industry has moved +5.4%.

Investors with an interest in Consumer Discretionary stocks should continue to track LiveOne and QuantaSing Group Limited Unsponsored ADR. These stocks will be looking to continue their solid performance.

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