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Is FGI Industries (FGI) Stock Outpacing Its Retail-Wholesale Peers 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. Is FGI Industries Ltd. (FGI - Free Report) one of those stocks right now? 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.
FGI Industries Ltd. is one of 186 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #12 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 is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. FGI Industries Ltd. is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for FGI's full-year earnings has moved 74.5% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that FGI has returned about 33.9% since the start of the calendar year. At the same time, Retail-Wholesale stocks have gained an average of 8%. As we can see, FGI Industries Ltd. is performing better than its sector in the calendar year.
Ross Stores (ROST - 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 26.3%.
The consensus estimate for Ross Stores' current year EPS has increased 2.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, FGI Industries Ltd. belongs to the Retail - Home Furnishings industry, a group that includes 10 individual companies and currently sits at #217 in the Zacks Industry Rank. This group has lost an average of 7.8% so far this year, so FGI is performing better in this area.
On the other hand, Ross Stores belongs to the Retail - Discount Stores industry. This 7-stock industry is currently ranked #50. The industry has moved +12.8% year to date.
Investors interested in the Retail-Wholesale sector may want to keep a close eye on FGI Industries Ltd. and Ross Stores as they attempt to continue their solid performance.
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Is FGI Industries (FGI) Stock Outpacing Its Retail-Wholesale Peers This Year?
The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is FGI Industries Ltd. (FGI - Free Report) one of those stocks right now? 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.
FGI Industries Ltd. is one of 186 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #12 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 is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. FGI Industries Ltd. is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for FGI's full-year earnings has moved 74.5% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that FGI has returned about 33.9% since the start of the calendar year. At the same time, Retail-Wholesale stocks have gained an average of 8%. As we can see, FGI Industries Ltd. is performing better than its sector in the calendar year.
Ross Stores (ROST - 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 26.3%.
The consensus estimate for Ross Stores' current year EPS has increased 2.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, FGI Industries Ltd. belongs to the Retail - Home Furnishings industry, a group that includes 10 individual companies and currently sits at #217 in the Zacks Industry Rank. This group has lost an average of 7.8% so far this year, so FGI is performing better in this area.
On the other hand, Ross Stores belongs to the Retail - Discount Stores industry. This 7-stock industry is currently ranked #50. The industry has moved +12.8% year to date.
Investors interested in the Retail-Wholesale sector may want to keep a close eye on FGI Industries Ltd. and Ross Stores as they attempt to continue their solid performance.