Are Consumer Discretionary Stocks Lagging LiveOne (LVO) This Year?

For those looking to find strong Consumer Discretionary stocks, it is prudent to search for companies in the group that are outperforming their peers. Is LiveOne (LVO) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.

LiveOne is one of 246 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit at #3 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

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. LiveOne is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for LVO's full-year earnings has moved 10.2% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Our latest available data shows that LVO has returned about 8.1% since the start of the calendar year. Meanwhile, stocks in the Consumer Discretionary group have lost about 8.1% on average. This shows that LiveOne is outperforming its peers so far this year.

Another stock in the Consumer Discretionary sector, Perdoceo Education (PRDO), has outperformed the sector so far this year. The stock's year-to-date return is 26.9%.

Over the past three months, Perdoceo Education's consensus EPS estimate for the current year has increased 9.7%. The stock currently has a Zacks Rank #2 (Buy).

Looking more specifically, LiveOne belongs to the Audio Video Production industry, a group that includes 6 individual stocks and currently sits at #21 in the Zacks Industry Rank. On average, stocks in this group have lost 18.8% this year, meaning that LVO is performing better in terms of year-to-date returns.

In contrast, Perdoceo Education falls under the Schools industry. Currently, this industry has 18 stocks and is ranked #24. Since the beginning of the year, the industry has moved +6.1%.

Going forward, investors interested in Consumer Discretionary stocks should continue to pay close attention to LiveOne and Perdoceo Education as they could maintain their solid performance.

5 Stocks Set to Double

Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in the coming year. While not all picks can be winners, previous recommendations have soared +112%, +171%, +209% and +232%.

Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.

Today, See These 5 Potential Home Runs >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

LiveOne, Inc. (LVO): Free Stock Analysis Report

Perdoceo Education Corporation (PRDO): Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research