Back to top

Image: Bigstock

Are Retail-Wholesale Stocks Lagging Beacon Roofing Supply (BECN) This Year?

Read MoreHide Full Article

For those looking to find strong Retail-Wholesale stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Beacon Roofing Supply (BECN - Free Report) been one of those stocks this year? 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.

Beacon Roofing Supply is a member of our Retail-Wholesale group, which includes 221 different companies and currently sits at #7 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 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. Beacon Roofing Supply is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for BECN's full-year earnings has moved 9.3% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

According to our latest data, BECN has moved about 52.2% on a year-to-date basis. At the same time, Retail-Wholesale stocks have gained an average of 20.9%. This means that Beacon Roofing Supply is performing better than its sector in terms of year-to-date returns.

Deckers (DECK - Free Report) is another Retail-Wholesale stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 66.3%.

For Deckers, the consensus EPS estimate for the current year has increased 4.5% over the past three months. The stock currently has a Zacks Rank #2 (Buy).

Breaking things down more, Beacon Roofing Supply is a member of the Building Products - Retail industry, which includes 8 individual companies and currently sits at #185 in the Zacks Industry Rank. This group has gained an average of 6.5% so far this year, so BECN is performing better in this area.

On the other hand, Deckers belongs to the Retail - Apparel and Shoes industry. This 43-stock industry is currently ranked #91. The industry has moved +14.4% year to date.

Investors with an interest in Retail-Wholesale stocks should continue to track Beacon Roofing Supply and Deckers. These stocks will be looking to continue their solid performance.

See More Zacks Research for These Tickers

Normally $25 each - click below to receive one report FREE:

Deckers Outdoor Corporation (DECK) - free report >>

Beacon Roofing Supply, Inc. (BECN) - free report >>

Published in