Jhe consumer discretionary group has many attractive stocks, but investors should always look for companies that are outperforming their peers. Was Gray Television (GTN) one of those titles this year? Looking at the stock’s year-to-date performance against its consumer discretionary peers, we might be able to answer that question.

Gray Television is one of 287 individual stocks in the consumer discretionary sector. Collectively, these companies rank 13th in the Zacks industry rankings. The Zacks Industry Ranking considers 16 different industry groups. The average Zacks ranking of individual stocks within groups is measured and sectors are listed from best to worst.

The Zacks Rankings is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that display the right characteristics to beat the market over the next one to three months. Gray Television currently sports a Zacks rating of #2 (buy).

Over the past quarter, the Zacks consensus estimate for GTN’s full-year earnings rose 17.1%. This shows that analyst sentiment has improved and the company’s earnings outlook is stronger.

According to our latest data, GTN has evolved by around 4.2% since the beginning of the year. By comparison, consumer discretionary companies posted an average return of -16%. As we can see, Gray Television performs better than its sector over the calendar year.

Another consumer discretionary stock that has outperformed the sector so far this year is Nintendo Co. (NTDOY). The stock is up 9.1% since the start of the year.

Nintendo Co.’s current-year EPS consensus estimate is up 12% in the past three months. The stock currently has a Zacks #1 rank (Strong Buy).

Specifically, Gray Television belongs to the Broadcasting and Television Industry, a group that comprises 22 individual stocks and is currently ranked 149th in the Zacks Industry Rankings. This group has lost an average of 25.3% so far this year, so GTN is performing better in this area.

On the other hand, Nintendo Co. falls under the Toys – Games – Hobby industry. Currently, this industry has 7 stocks and ranks 47th. Since the beginning of the year, the industry has evolved by +0.6%.

Investors interested in consumer discretionary stocks should continue to watch Gray Television and Nintendo Co. These stocks will look to continue their strong performance.

Zacks names ‘only one best choice for doubling up’

From thousands of stocks, 5 Zacks experts have each picked their favorite to skyrocket by +100% or more in the coming months. Of these 5, Research Director Sheraz Mian selects one to have the most explosive advantage of all.

It’s a little-known chemical company that’s up 65% year-on-year, but still very cheap. With relentless demand, rising earnings estimates for 2022 and $1.5 billion for stock buybacks, retail investors could jump in at any moment.

This company could rival or surpass other recent Zacks stocks which are expected to double like Boston Beer Company which jumped +143.0% in just over 9 months and NVIDIA which jumped +175.9% in one year .

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.