Investors interested in Consumer Discretionary stocks should always be looking to find the best-performing companies in the group. Is Malibu Boats (MBUU - 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.
Malibu Boats is a member of the Consumer Discretionary sector. This group includes 243 individual stocks and currently holds a Zacks Sector Rank of #8. 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 is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. MBUU is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for MBUU's full-year earnings has moved 14.64% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, MBUU has returned 71.98% so far this year. Meanwhile, the Consumer Discretionary sector has returned an average of 3.58% on a year-to-date basis. This shows that Malibu Boats is outperforming its peers so far this year.
Looking more specifically, MBUU belongs to the Leisure and Recreation Products industry, which includes 15 individual stocks and currently sits at #52 in the Zacks Industry Rank. On average, this group has gained an average of 9.16% so far this year, meaning that MBUU is performing better in terms of year-to-date returns.
Investors in the Consumer Discretionary sector will want to keep a close eye on MBUU as it attempts to continue its solid performance.