Investors focused on the Consumer Discretionary space have likely heard of Discovery Communications (DISCA - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of DISCA and the rest of the Consumer Discretionary group's stocks.
Discovery Communications is a member of the Consumer Discretionary sector. This group includes 248 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. DISCA is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for DISCA's full-year earnings has moved 26.62% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, DISCA has returned 6.43% so far this year. Meanwhile, the Consumer Discretionary sector has returned an average of 1.06% on a year-to-date basis. This shows that Discovery Communications is outperforming its peers so far this year.
To break things down more, DISCA belongs to the Broadcast Radio and Television industry, a group that includes 27 individual companies and currently sits at #183 in the Zacks Industry Rank. This group has gained an average of 23.42% so far this year, so DISCA is slightly underperforming its industry in this area.
Going forward, investors interested in Consumer Discretionary stocks should continue to pay close attention to DISCA as it looks to continue its solid performance.