We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is Netflix (NFLX) Outperforming Other Consumer Discretionary Stocks This Year?
Read MoreHide Full Article
The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Netflix (NFLX - 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? One simple way to answer this question is to take a look at the year-to-date performance of NFLX and the rest of the Consumer Discretionary group's stocks.
Netflix is a member of the Consumer Discretionary sector. This group includes 260 individual stocks and currently holds a Zacks Sector Rank of #6. 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. NFLX is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for NFLX's full-year earnings has moved 6.98% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that NFLX has returned about 0.17% since the start of the calendar year. At the same time, Consumer Discretionary stocks have lost an average of 0.28%. This means that Netflix is outperforming the sector as a whole this year.
To break things down more, NFLX belongs to the Broadcast Radio and Television industry, a group that includes 21 individual companies and currently sits at #79 in the Zacks Industry Rank. On average, stocks in this group have gained 12.36% this year, meaning that NFLX is slightly underperforming its industry in terms of year-to-date returns.
NFLX will likely be looking to continue its solid performance, so investors interested in Consumer Discretionary stocks should continue to pay close attention to the company.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is Netflix (NFLX) Outperforming Other Consumer Discretionary Stocks This Year?
The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Netflix (NFLX - 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? One simple way to answer this question is to take a look at the year-to-date performance of NFLX and the rest of the Consumer Discretionary group's stocks.
Netflix is a member of the Consumer Discretionary sector. This group includes 260 individual stocks and currently holds a Zacks Sector Rank of #6. 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. NFLX is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for NFLX's full-year earnings has moved 6.98% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that NFLX has returned about 0.17% since the start of the calendar year. At the same time, Consumer Discretionary stocks have lost an average of 0.28%. This means that Netflix is outperforming the sector as a whole this year.
To break things down more, NFLX belongs to the Broadcast Radio and Television industry, a group that includes 21 individual companies and currently sits at #79 in the Zacks Industry Rank. On average, stocks in this group have gained 12.36% this year, meaning that NFLX is slightly underperforming its industry in terms of year-to-date returns.
NFLX will likely be looking to continue its solid performance, so investors interested in Consumer Discretionary stocks should continue to pay close attention to the company.