Investors focused on the Consumer Discretionary space have likely heard of World Wrestling Entertainment (WWE), but is the stock performing well in comparison to the rest of its sector peers? 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.
World Wrestling Entertainment is one of 250 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit at #6 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. WWE is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for WWE's full-year earnings has moved 2.59% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, WWE has returned 6.75% so far this year. Meanwhile, stocks in the Consumer Discretionary group have gained about 11.43% on average. This means that World Wrestling Entertainment is outperforming the sector as a whole this year.
Looking more specifically, WWE belongs to the Film and Television Production and Distribution industry, which includes 11 individual stocks and currently sits at #14 in the Zacks Industry Rank. This group has gained an average of 5.59% so far this year, so WWE is performing better in this area.
Investors in the Consumer Discretionary sector will want to keep a close eye on WWE as it attempts to continue its solid performance.
World Wrestling Entertainment, Inc. (WWE): Free Stock Analysis Report
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