Investors interested in Consumer Discretionary stocks should always be looking to find the best-performing companies in the group. Is Fox Corporation (FOX) 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.
Fox Corporation is one of 265 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits at #9 within the Zacks Sector Rank. 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 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. Fox Corporation is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for FOX's full-year earnings has moved 12.9% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that FOX has returned about 25.3% since the start of the calendar year. At the same time, Consumer Discretionary stocks have gained an average of 2.5%. This means that Fox Corporation is performing better than its sector in terms of year-to-date returns.
Another Consumer Discretionary stock, which has outperformed the sector so far this year, is Fox (FOXA). The stock has returned 31% year-to-date.
Over the past three months, Fox's consensus EPS estimate for the current year has increased 8.7%. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Fox Corporation is a member of the Broadcast Radio and Television industry, which includes 19 individual companies and currently sits at #96 in the Zacks Industry Rank. This group has gained an average of 24.4% so far this year, so FOX is performing better in this area. Fox is also part of the same industry.
Investors interested in the Consumer Discretionary sector may want to keep a close eye on Fox Corporation and Fox as they attempt to continue their solid performance.
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Fox Corporation (FOX): Free Stock Analysis Report Fox Corporation (FOXA): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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