We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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.
Are Retail-Wholesale Stocks Lagging Alliance Laundry Holdings Inc. (ALH) This Year?
Read MoreHide Full Article
Investors interested in Retail-Wholesale stocks should always be looking to find the best-performing companies in the group. Has Alliance Laundry Holdings (ALH - Free Report) been one of those stocks this year? 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.
Alliance Laundry Holdings is one of 190 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #7 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. Alliance Laundry Holdings is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for ALH's full-year earnings has moved 4.1% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that ALH has returned about 6% since the start of the calendar year. In comparison, Retail-Wholesale companies have returned an average of -2.4%. As we can see, Alliance Laundry Holdings is performing better than its sector in the calendar year.
Another Retail-Wholesale stock, which has outperformed the sector so far this year, is Casey's General Stores (CASY - Free Report) . The stock has returned 8.1% year-to-date.
The consensus estimate for Casey's General Stores' current year EPS has increased 2.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Alliance Laundry Holdings is a member of the Retail - Home Furnishings industry, which includes 10 individual companies and currently sits at #172 in the Zacks Industry Rank. On average, this group has lost an average of 13.8% so far this year, meaning that ALH is performing better in terms of year-to-date returns.
In contrast, Casey's General Stores falls under the Retail - Convenience Stores industry. Currently, this industry has 2 stocks and is ranked #12. Since the beginning of the year, the industry has moved +14.1%.
Alliance Laundry Holdings and Casey's General Stores could continue their solid performance, so investors interested in Retail-Wholesale stocks should continue to pay close attention to these stocks.
View the Zacks #1 Rank List
Image: Bigstock
Are Retail-Wholesale Stocks Lagging Alliance Laundry Holdings Inc. (ALH) This Year?
Investors interested in Retail-Wholesale stocks should always be looking to find the best-performing companies in the group. Has Alliance Laundry Holdings (ALH - Free Report) been one of those stocks this year? 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.
Alliance Laundry Holdings is one of 190 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #7 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. Alliance Laundry Holdings is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for ALH's full-year earnings has moved 4.1% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that ALH has returned about 6% since the start of the calendar year. In comparison, Retail-Wholesale companies have returned an average of -2.4%. As we can see, Alliance Laundry Holdings is performing better than its sector in the calendar year.
Another Retail-Wholesale stock, which has outperformed the sector so far this year, is Casey's General Stores (CASY - Free Report) . The stock has returned 8.1% year-to-date.
The consensus estimate for Casey's General Stores' current year EPS has increased 2.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Alliance Laundry Holdings is a member of the Retail - Home Furnishings industry, which includes 10 individual companies and currently sits at #172 in the Zacks Industry Rank. On average, this group has lost an average of 13.8% so far this year, meaning that ALH is performing better in terms of year-to-date returns.
In contrast, Casey's General Stores falls under the Retail - Convenience Stores industry. Currently, this industry has 2 stocks and is ranked #12. Since the beginning of the year, the industry has moved +14.1%.
Alliance Laundry Holdings and Casey's General Stores could continue their solid performance, so investors interested in Retail-Wholesale stocks should continue to pay close attention to these stocks.