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 Sirius XM Holdings (SIRI - 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.
Sirius XM Holdings is one of 258 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit at #11 in the Zacks Sector Rank. 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 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).
The Zacks Consensus Estimate for SIRI's full-year earnings has moved 4.26% higher within the past quarter. 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 12.69% on a year-to-date basis. At the same time, Consumer Discretionary stocks have lost an average of 3.89%. This means that Sirius XM Holdings is performing better than its sector in terms of year-to-date returns.
Looking more specifically, SIRI belongs to the Broadcast Radio and Television industry, which includes 24 individual stocks and currently sits at #53 in the Zacks Industry Rank. Stocks in this group have gained about 10.74% so far this year, so SIRI is perf
orming better this group in terms of year-to-date returns.
Going forward, investors interested in Consumer Discretionary stocks should continue to pay close attention to SIRI as it looks to continue its solid performance.