Is AMC Global Media Inc. (AMCX) Stock Outpacing Its Consumer Discretionary Peers 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 our Consumer Discretionary group, which includes 261 different companies and currently sits at #12 in the Zacks Sector Rank. 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 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. AMC Global Media is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past 90 days, the Zacks Consensus Estimate for AMCX's full-year earnings has moved 53.1% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Our latest available data shows that AMCX has returned about 31.1% since the start of the calendar year. Meanwhile, stocks in the Consumer Discretionary group have lost about 9.6% on average. This means that AMC Global Media is outperforming the sector as a whole this year.

One other Consumer Discretionary stock that has outperformed the sector so far this year is Carter's (CRI). The stock is up 3.5% year-to-date.

For Carter's, the consensus EPS estimate for the current year has increased 6.2% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).

Looking more specifically, AMC Global Media belongs to the Media Conglomerates industry, a group that includes 22 individual stocks and currently sits at #95 in the Zacks Industry Rank. On average, stocks in this group have lost 11.5% this year, meaning that AMCX is performing better in terms of year-to-date returns.

On the other hand, Carter's belongs to the Shoes and Retail Apparel industry. This 11-stock industry is currently ranked #168. The industry has moved -35% 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).

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