Investors interested in Consumer Discretionary stocks should always be looking to find the best-performing companies in the group. AMC Global Media (AMCX) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.
AMC Global Media is a member of our Consumer Discretionary group, which includes 261 different companies and currently sits 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 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. AMC Global Media is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for AMCX's full-year earnings has moved 33.5% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, AMCX has gained about 27.7% so far this year. Meanwhile, stocks in the Consumer Discretionary group have lost about 14% on average. This means that AMC Global Media is outperforming the sector as a whole this year.
American Outdoor Brands, Inc. (AOUT) is another Consumer Discretionary stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 127%.
Over the past three months, American Outdoor Brands, Inc.'s consensus EPS estimate for the current year has increased 20.8%. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, AMC Global Media belongs to the Media Conglomerates industry, which includes 22 individual stocks and currently sits at #169 in the Zacks Industry Rank. On average, stocks in this group have lost 11.8% this year, meaning that AMCX is performing better in terms of year-to-date returns.
On the other hand, American Outdoor Brands, Inc. belongs to the Leisure and Recreation Products industry. This 24-stock industry is currently ranked #103. The industry has moved -29.6% year to date.
Going forward, investors interested in Consumer Discretionary stocks should continue to pay close attention to AMC Global Media and American Outdoor Brands, Inc. as they could maintain their solid performance.
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This article originally published on Zacks Investment Research (zacks.com).