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Has AutoZone (AZO) Outpaced Other Retail-Wholesale Stocks This Year?
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Investors focused on the Retail-Wholesale space have likely heard of AutoZone (AZO - Free Report) , 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 Retail-Wholesale peers, we might be able to answer that question.
AutoZone is one of 226 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #6 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 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. AZO is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for AZO's full-year earnings has moved 2.13% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, AZO has returned 17.50% so far this year. In comparison, Retail-Wholesale companies have returned an average of -2.42%. As we can see, AutoZone is performing better than its sector in the calendar year.
Looking more specifically, AZO belongs to the Automotive - Retail and Wholesale - Parts industry, which includes 5 individual stocks and currently sits at #29 in the Zacks Industry Rank. This group has gained an average of 23.46% so far this year, so AZO is slightly underperforming its industry in this area.
AZO will likely be looking to continue its solid performance, so investors interested in Retail-Wholesale stocks should continue to pay close attention to the company.
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Has AutoZone (AZO) Outpaced Other Retail-Wholesale Stocks This Year?
Investors focused on the Retail-Wholesale space have likely heard of AutoZone (AZO - Free Report) , 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 Retail-Wholesale peers, we might be able to answer that question.
AutoZone is one of 226 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #6 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 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. AZO is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for AZO's full-year earnings has moved 2.13% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, AZO has returned 17.50% so far this year. In comparison, Retail-Wholesale companies have returned an average of -2.42%. As we can see, AutoZone is performing better than its sector in the calendar year.
Looking more specifically, AZO belongs to the Automotive - Retail and Wholesale - Parts industry, which includes 5 individual stocks and currently sits at #29 in the Zacks Industry Rank. This group has gained an average of 23.46% so far this year, so AZO is slightly underperforming its industry in this area.
AZO will likely be looking to continue its solid performance, so investors interested in Retail-Wholesale stocks should continue to pay close attention to the company.