We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Has Best Buy Co. (BBY) Outpaced Other Retail-Wholesale Stocks This Year?
Read MoreHide Full Article
Investors focused on the Retail-Wholesale space have likely heard of Best Buy Co. (BBY - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.
Best Buy Co. is a member of the Retail-Wholesale sector. This group includes 213 individual stocks and currently holds a Zacks Sector Rank of #3. 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 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. BBY is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for BBY's full-year earnings has moved 16.77% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, BBY has gained about 9.62% so far this year. In comparison, Retail-Wholesale companies have returned an average of -7.37%. As we can see, Best Buy Co. is performing better than its sector in the calendar year.
To break things down more, BBY belongs to the Retail - Consumer Electronics industry, a group that includes 4 individual companies and currently sits at #18 in the Zacks Industry Rank. Stocks in this group have gained about 35.91% so far this year, so BBY is slightly underperforming its industry this group in terms of year-to-date returns.
Going forward, investors interested in Retail-Wholesale stocks should continue to pay close attention to BBY as it looks to continue its solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Has Best Buy Co. (BBY) Outpaced Other Retail-Wholesale Stocks This Year?
Investors focused on the Retail-Wholesale space have likely heard of Best Buy Co. (BBY - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.
Best Buy Co. is a member of the Retail-Wholesale sector. This group includes 213 individual stocks and currently holds a Zacks Sector Rank of #3. 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 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. BBY is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for BBY's full-year earnings has moved 16.77% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, BBY has gained about 9.62% so far this year. In comparison, Retail-Wholesale companies have returned an average of -7.37%. As we can see, Best Buy Co. is performing better than its sector in the calendar year.
To break things down more, BBY belongs to the Retail - Consumer Electronics industry, a group that includes 4 individual companies and currently sits at #18 in the Zacks Industry Rank. Stocks in this group have gained about 35.91% so far this year, so BBY is slightly underperforming its industry this group in terms of year-to-date returns.
Going forward, investors interested in Retail-Wholesale stocks should continue to pay close attention to BBY as it looks to continue its solid performance.