Markets

Has Comcast (CMCSA) Outpaced Other Consumer Discretionary Stocks This Year?

Investors focused on the Consumer Discretionary space have likely heard of Comcast (CMCSA), but is the stock performing well in comparison to the rest of its sector peers? By taking a look at the stock's year-to-date performance in comparison to its Consumer Discretionary peers, we might be able to answer that 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 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. CMCSA is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past 90 days, the Zacks Consensus Estimate for CMCSA's full-year earnings has moved 8.66% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

Our latest available data shows that CMCSA has returned about 25.32% since the start of the calendar year. In comparison, Consumer Discretionary companies have returned an average of 16.75%. As we can see, Comcast is performing better than its sector in the calendar year.

Looking more specifically, CMCSA belongs to the Cable Television industry, a group that includes 11 individual stocks and currently sits at #164 in the Zacks Industry Rank. On average, this group has gained an average of 25.14% so far this year, meaning that CMCSA is performing better in terms of year-to-date returns.

Investors with an interest in Consumer Discretionary stocks should continue to track CMCSA. The stock will be looking to continue its solid performance.


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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.