For those looking to find strong Consumer Discretionary stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Atlanta Braves Holdings, Inc. (BATRA) been one of those stocks this year? 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.
Atlanta Braves Holdings, Inc. is one of 254 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit at #8 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. Atlanta Braves Holdings, Inc. is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for BATRA's full-year earnings has moved 50% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, BATRA has returned 10.9% so far this year. Meanwhile, stocks in the Consumer Discretionary group have gained about 10.7% on average. As we can see, Atlanta Braves Holdings, Inc. is performing better than its sector in the calendar year.
Another stock in the Consumer Discretionary sector, Dunelm Group (DNLMY), has outperformed the sector so far this year. The stock's year-to-date return is 20.8%.
The consensus estimate for Dunelm Group's current year EPS has increased 1.5% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Atlanta Braves Holdings, Inc. belongs to the Media Conglomerates industry, a group that includes 16 individual companies and currently sits at #174 in the Zacks Industry Rank. On average, stocks in this group have gained 11.2% this year, meaning that BATRA is slightly underperforming its industry in terms of year-to-date returns.
On the other hand, Dunelm Group belongs to the Textile - Home Furnishing industry. This 4-stock industry is currently ranked #9. The industry has moved +14.4% year to date.
Atlanta Braves Holdings, Inc. and Dunelm Group could continue their solid performance, so investors interested in Consumer Discretionary stocks should continue to pay close attention to these stocks.
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Atlanta Braves Holdings, Inc. (BATRA): Free Stock Analysis Report Dunelm Group (DNLMY): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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