Is AMC Global Media Inc. (AMCX) Outperforming Other Consumer Discretionary Stocks This Year?
Here is how AMC Global Media (AMCX) and Carter's (CRI) have performed compared to their sector so far this year.
Investors interested in Consumer Discretionary stocks should always be looking to find the best-performing companies in the group. Is AMC Global Media (AMCX) one of those stocks right now? 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.
AMC Global Media is a member of the Consumer Discretionary sector. This group includes 260 individual stocks and currently holds a Zacks Sector Rank of #8. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. AMC Global Media is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for AMCX's full-year earnings has moved 53.1% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, AMCX has gained about 28.1% so far this year. Meanwhile, the Consumer Discretionary sector has returned an average of -6.7% on a year-to-date basis. This means that AMC Global Media is performing better than its sector in terms of year-to-date returns.
One other Consumer Discretionary stock that has outperformed the sector so far this year is Carter's (CRI). The stock is up 11.8% year-to-date.
For Carter's, the consensus EPS estimate for the current year has increased 1.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, AMC Global Media is a member of the Media Conglomerates industry, which includes 22 individual companies and currently sits at #175 in the Zacks Industry Rank. This group has lost an average of 8.6% so far this year, so AMCX is performing better in this area.
On the other hand, Carter's belongs to the Shoes and Retail Apparel industry. This 11-stock industry is currently ranked #45. The industry has moved -32.2% year to date.
Investors with an interest in Consumer Discretionary stocks should continue to track AMC Global Media and Carter's. These stocks will be looking to continue their solid performance.
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This article originally published on Zacks Investment Research (zacks.com).