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Is AMC Networks (AMCX) Stock Outpacing Its Consumer Discretionary Peers This Year?

Zacks Equity Research
Updated
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Investors focused on the Consumer Discretionary space have likely heard of AMC Networks (AMCX), but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of AMCX and the rest of the Consumer Discretionary group's stocks.

AMC Networks is one of 245 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits at #14 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 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. AMCX is currently sporting a Zacks Rank of #1 (Strong Buy).

The Zacks Consensus Estimate for AMCX's full-year earnings has moved 3.90% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

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According to our latest data, AMCX has moved about 9.25% on a year-to-date basis. In comparison, Consumer Discretionary companies have returned an average of 5.30%. This shows that AMC Networks is outperforming its peers so far this year.

Looking more specifically, AMCX belongs to the Broadcast Radio and Television industry, a group that includes 26 individual stocks and currently sits at #106 in the Zacks Industry Rank. Stocks in this group have gained about 28.91% so far this year, so AMCX is slightly underperforming its industry this group in terms of year-to-date returns.

AMCX will likely be looking to continue its solid performance, so investors interested Consumer Discretionary stocks should continue to pay close attention to the company.


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