Is LiveOne (LVO) Stock Outpacing Its Consumer Discretionary Peers 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. Is LiveOne (LVO) one of those stocks right now? 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.

LiveOne is a member of the Consumer Discretionary sector. This group includes 286 individual stocks and currently holds a Zacks Sector Rank of #13. 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 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. LiveOne is currently sporting a Zacks Rank of #2 (Buy).

Over the past 90 days, the Zacks Consensus Estimate for LVO's full-year earnings has moved 27.3% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Our latest available data shows that LVO has returned about 33.1% since the start of the calendar year. At the same time, Consumer Discretionary stocks have gained an average of 3.1%. This shows that LiveOne is outperforming its peers so far this year.

Another stock in the Consumer Discretionary sector, QuantaSing Group Limited Unsponsored ADR (QSG), has outperformed the sector so far this year. The stock's year-to-date return is 162.8%.

In QuantaSing Group Limited Unsponsored ADR's case, the consensus EPS estimate for the current year increased 319.4% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).

To break things down more, LiveOne belongs to the Audio Video Production industry, a group that includes 7 individual companies and currently sits at #200 in the Zacks Industry Rank. On average, this group has lost an average of 8.3% so far this year, meaning that LVO is performing better in terms of year-to-date returns.

In contrast, QuantaSing Group Limited Unsponsored ADR falls under the Schools industry. Currently, this industry has 19 stocks and is ranked #15. Since the beginning of the year, the industry has moved +5.4%.

Investors with an interest in Consumer Discretionary stocks should continue to track LiveOne and QuantaSing Group Limited Unsponsored ADR. These stocks will be looking to continue their 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.

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