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 Nexstar Media Group (NXST) Outperforming Other Consumer Discretionary Stocks This Year?
Read MoreHide Full Article
For those looking to find strong Consumer Discretionary stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Nexstar Broadcasting Group (NXST - Free Report) been one of those stocks this year? 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.
Nexstar Broadcasting Group is a member of the Consumer Discretionary sector. This group includes 290 individual stocks and currently holds a Zacks Sector Rank of #12. 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 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. Nexstar Broadcasting Group is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for NXST's full-year earnings has moved 5.4% 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, NXST has returned 20.6% so far this year. Meanwhile, the Consumer Discretionary sector has returned an average of -32.2% on a year-to-date basis. This means that Nexstar Broadcasting Group is performing better than its sector in terms of year-to-date returns.
Snap-On (SNA - Free Report) is another Consumer Discretionary stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 0.3%.
The consensus estimate for Snap-On's current year EPS has increased 1.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Nexstar Broadcasting Group is a member of the Broadcast Radio and Television industry, which includes 23 individual companies and currently sits at #148 in the Zacks Industry Rank. On average, this group has lost an average of 53% so far this year, meaning that NXST is performing better in terms of year-to-date returns.
Snap-On, however, belongs to the Tools - Handheld industry. Currently, this 3-stock industry is ranked #90. The industry has moved -6.7% so far this year.
Going forward, investors interested in Consumer Discretionary stocks should continue to pay close attention to Nexstar Broadcasting Group and Snap-On as they could maintain their solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is Nexstar Media Group (NXST) Outperforming Other Consumer Discretionary Stocks This Year?
For those looking to find strong Consumer Discretionary stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Nexstar Broadcasting Group (NXST - Free Report) been one of those stocks this year? 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.
Nexstar Broadcasting Group is a member of the Consumer Discretionary sector. This group includes 290 individual stocks and currently holds a Zacks Sector Rank of #12. 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 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. Nexstar Broadcasting Group is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for NXST's full-year earnings has moved 5.4% 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, NXST has returned 20.6% so far this year. Meanwhile, the Consumer Discretionary sector has returned an average of -32.2% on a year-to-date basis. This means that Nexstar Broadcasting Group is performing better than its sector in terms of year-to-date returns.
Snap-On (SNA - Free Report) is another Consumer Discretionary stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 0.3%.
The consensus estimate for Snap-On's current year EPS has increased 1.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Nexstar Broadcasting Group is a member of the Broadcast Radio and Television industry, which includes 23 individual companies and currently sits at #148 in the Zacks Industry Rank. On average, this group has lost an average of 53% so far this year, meaning that NXST is performing better in terms of year-to-date returns.
Snap-On, however, belongs to the Tools - Handheld industry. Currently, this 3-stock industry is ranked #90. The industry has moved -6.7% so far this year.
Going forward, investors interested in Consumer Discretionary stocks should continue to pay close attention to Nexstar Broadcasting Group and Snap-On as they could maintain their solid performance.