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Has Best Buy Co. (BBY) Outpaced Other Retail-Wholesale Stocks This Year?
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The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Best Buy Co. (BBY - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Retail-Wholesale sector should help us answer this question.
Best Buy Co. is one of 214 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #1 in 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 is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. BBY is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for BBY's full-year earnings has moved 0.79% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, BBY has moved about 9.90% on a year-to-date basis. In comparison, Retail-Wholesale companies have returned an average of 14.15%. This shows that Best Buy Co. is outperforming its peers so far this year.
Looking more specifically, BBY belongs to the Retail - Consumer Electronics industry, a group that includes 5 individual stocks and currently sits at #46 in the Zacks Industry Rank. On average, this group has gained an average of 9.40% so far this year, meaning that BBY is performing better in terms of year-to-date returns.
Investors in the Retail-Wholesale sector will want to keep a close eye on BBY as it attempts to continue its solid performance.
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Has Best Buy Co. (BBY) Outpaced Other Retail-Wholesale Stocks This Year?
The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Best Buy Co. (BBY - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Retail-Wholesale sector should help us answer this question.
Best Buy Co. is one of 214 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #1 in 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 is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. BBY is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for BBY's full-year earnings has moved 0.79% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, BBY has moved about 9.90% on a year-to-date basis. In comparison, Retail-Wholesale companies have returned an average of 14.15%. This shows that Best Buy Co. is outperforming its peers so far this year.
Looking more specifically, BBY belongs to the Retail - Consumer Electronics industry, a group that includes 5 individual stocks and currently sits at #46 in the Zacks Industry Rank. On average, this group has gained an average of 9.40% so far this year, meaning that BBY is performing better in terms of year-to-date returns.
Investors in the Retail-Wholesale sector will want to keep a close eye on BBY as it attempts to continue its solid performance.