Investors interested in Consumer Discretionary stocks should always be looking to find the best-performing companies in the group. Comcast (CMCSA - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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.
Comcast is one of 244 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits at #8 within the Zacks Sector Rank. 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. CMCSA is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for CMCSA's full-year earnings has moved 6.87% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, CMCSA has moved about 24.96% on a year-to-date basis. In comparison, Consumer Discretionary companies have returned an average of 20.08%. This means that Comcast is outperforming the sector as a whole this year.
Looking more specifically, CMCSA belongs to the Cable Television industry, which includes 11 individual stocks and currently sits at #42 in the Zacks Industry Rank. Stocks in this group have gained about 25.16% so far this year, so CMCSA is slightly underperforming its industry this group in terms of year-to-date returns.
Going forward, investors interested in Consumer Discretionary stocks should continue to pay close attention to CMCSA as it looks to continue its solid performance.