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 (BATRK) been one of those stocks this year? 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.
Atlanta Braves Holdings is a member of the Consumer Discretionary sector. This group includes 265 individual stocks and currently holds a Zacks Sector Rank of #8. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. Atlanta Braves Holdings is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for BATRK's full-year earnings has moved 14.1% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, BATRK has gained about 1.6% so far this year. At the same time, Consumer Discretionary stocks have gained an average of 1.2%. As we can see, Atlanta Braves Holdings is performing better than its sector in the calendar year.
Another stock in the Consumer Discretionary sector, Lindblad Expeditions (LIND), has outperformed the sector so far this year. The stock's year-to-date return is 1.3%.
In Lindblad Expeditions' case, the consensus EPS estimate for the current year increased 22.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Atlanta Braves Holdings belongs to the Media Conglomerates industry, which includes 17 individual stocks and currently sits at #93 in the Zacks Industry Rank. Stocks in this group have gained about 1.9% so far this year, so BATRK is slightly underperforming its industry this group in terms of year-to-date returns.
On the other hand, Lindblad Expeditions belongs to the Leisure and Recreation Services industry. This 28-stock industry is currently ranked #84. The industry has moved -5.3% year to date.
Investors interested in the Consumer Discretionary sector may want to keep a close eye on Atlanta Braves Holdings and Lindblad Expeditions as they attempt to continue their solid performance.
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Atlanta Braves Holdings, Inc. (BATRK): Free Stock Analysis Report Lindblad Expeditions (LIND): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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