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Has Macys (M) Outpaced Other Retail-Wholesale Stocks This Year?
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Investors focused on the Retail-Wholesale space have likely heard of Macys (M - 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.
Macys is one of 213 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #2 within 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. M is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for M's full-year earnings has moved 73.99% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that M has returned about 85.96% since the start of the calendar year. In comparison, Retail-Wholesale companies have returned an average of -4.46%. As we can see, Macys is performing better than its sector in the calendar year.
To break things down more, M belongs to the Retail - Regional Department Stores industry, a group that includes 3 individual companies and currently sits at #1 in the Zacks Industry Rank. On average, this group has gained an average of 67.49% so far this year, meaning that M is performing better in terms of year-to-date returns.
M 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 Macys (M) Outpaced Other Retail-Wholesale Stocks This Year?
Investors focused on the Retail-Wholesale space have likely heard of Macys (M - 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.
Macys is one of 213 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #2 within 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. M is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for M's full-year earnings has moved 73.99% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that M has returned about 85.96% since the start of the calendar year. In comparison, Retail-Wholesale companies have returned an average of -4.46%. As we can see, Macys is performing better than its sector in the calendar year.
To break things down more, M belongs to the Retail - Regional Department Stores industry, a group that includes 3 individual companies and currently sits at #1 in the Zacks Industry Rank. On average, this group has gained an average of 67.49% so far this year, meaning that M is performing better in terms of year-to-date returns.
M 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.