The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Sirius XM Holdings (SIRI - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Consumer Discretionary peers, we might be able to answer that question.
Sirius XM Holdings is one of 243 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit at #10 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. SIRI is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for SIRI's full-year earnings has moved 5.26% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, SIRI has moved about 13.99% on a year-to-date basis. At the same time, Consumer Discretionary stocks have gained an average of 1.31%. As we can see, Sirius XM Holdings is performing better than its sector in the calendar year.
Looking more specifically, SIRI belongs to the Broadcast Radio and Television industry, which includes 24 individual stocks and currently sits at #92 in the Zacks Industry Rank. On average, stocks in this group have gained 23.51% this year, meaning that SIRI is slightly underperforming its industry in terms of year-to-date returns.
Investors in the Consumer Discretionary sector will want to keep a close eye on SIRI as it attempts to continue its solid performance.