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.
Has Comcast (CMCSA) Outpaced Other Consumer Discretionary Stocks This Year?
Read MoreHide Full Article
Investors focused on the Consumer Discretionary space have likely heard of Comcast (CMCSA - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? 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 249 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit at #12 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. CMCSA is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for CMCSA's full-year earnings has moved 2.46% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, CMCSA has returned 36.30% so far this year. Meanwhile, stocks in the Consumer Discretionary group have gained about 19.61% on average. This means that Comcast is performing better than its sector in terms of year-to-date returns.
Breaking things down more, CMCSA is a member of the Cable Television industry, which includes 11 individual companies and currently sits at #87 in the Zacks Industry Rank. This group has gained an average of 35.27% so far this year, so CMCSA is performing better in this area.
CMCSA 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
Has Comcast (CMCSA) Outpaced Other Consumer Discretionary Stocks This Year?
Investors focused on the Consumer Discretionary space have likely heard of Comcast (CMCSA - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? 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 249 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit at #12 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. CMCSA is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for CMCSA's full-year earnings has moved 2.46% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, CMCSA has returned 36.30% so far this year. Meanwhile, stocks in the Consumer Discretionary group have gained about 19.61% on average. This means that Comcast is performing better than its sector in terms of year-to-date returns.
Breaking things down more, CMCSA is a member of the Cable Television industry, which includes 11 individual companies and currently sits at #87 in the Zacks Industry Rank. This group has gained an average of 35.27% so far this year, so CMCSA is performing better in this area.
CMCSA 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.