The Consumer Discretionary sector is home to many great stocks, but it’s important for investors to identify companies that are outperforming their peers. Walt Disney (DIS) is one such stock that has shown strong performance this year compared to its Consumer Discretionary counterparts.
As a member of the Consumer Discretionary sector, which consists of 286 individual stocks, Walt Disney currently holds a Zacks Sector Rank of #15. The Zacks Rank is a stock-picking model that focuses on earnings estimates and estimate revisions to identify potential outperformers in the market. Walt Disney currently boasts a Zacks Rank of #2 (Buy).
Over the past three months, analysts have revised their full-year earnings estimates for Walt Disney upwards by 6.1%, reflecting a positive sentiment towards the company’s earnings outlook. Year-to-date, Walt Disney has gained approximately 26.2%, outperforming the sector’s average return of -3.2%.
Another standout stock in the Consumer Discretionary sector is K12 (LRN), which has returned 6.5% since the beginning of the year. With a consensus EPS estimate increase of 4.7% over the past three months and a Zacks Rank of #2 (Buy), K12 is also showing strong performance.
Walt Disney belongs to the Media Conglomerates industry, which includes 13 companies and currently ranks #79 in the Zacks Industry Rank. On average, stocks in this industry have gained 16.5% year-to-date, making Walt Disney’s performance even more impressive.
On the other hand, K12 operates in the Schools industry, which consists of 19 stocks and is currently ranked #39. The industry has seen a slight decline of -1.2% year-to-date.
Investors interested in the Consumer Discretionary sector should keep a close watch on Walt Disney and K12 as they strive to maintain their strong performance in the market.