The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Gray Television (GTN) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Gray Television is a member of our Consumer Discretionary group, which includes 251 different companies and currently sits at #6 in 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 is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. GTN is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for GTN's full-year earnings has moved 1.55% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that GTN has returned about 9.43% since the start of the calendar year. Meanwhile, the Consumer Discretionary sector has returned an average of 7.08% on a year-to-date basis. This means that Gray Television is outperforming the sector as a whole this year.
To break things down more, GTN belongs to the Broadcast Radio and Television industry, a group that includes 24 individual companies and currently sits at #73 in the Zacks Industry Rank. On average, this group has gained an average of 12.74% so far this year, meaning that GTN is slightly underperforming its industry in terms of year-to-date returns.
Going forward, investors interested in Consumer Discretionary stocks should continue to pay close attention to GTN as it looks to continue its solid performance.
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Gray Television, Inc. (GTN): Free Stock Analysis Report
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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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
