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Is Best Buy (BBY) Stock Outpacing Its Retail-Wholesale Peers This Year?
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Investors interested in Retail-Wholesale stocks should always be looking to find the best-performing companies in the group. Has Best Buy (BBY - 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.
Best Buy is one of 183 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #6 within 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Best Buy is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for BBY's full-year earnings has moved 3.9% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, BBY has moved about 30.6% on a year-to-date basis. Meanwhile, stocks in the Retail-Wholesale group have lost about 3.6% on average. This shows that Best Buy is outperforming its peers so far this year.
Wayfair (W - 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 5.6%.
The consensus estimate for Wayfair's current year EPS has increased 54.2% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Best Buy belongs to the Retail - Consumer Electronics industry, a group that includes 1 individual companies and currently sits at #10 in the Zacks Industry Rank. Stocks in this group have gained about 28.7% so far this year, so BBY is performing better this group in terms of year-to-date returns.
On the other hand, Wayfair belongs to the Internet - Commerce industry. This 31-stock industry is currently ranked #193. The industry has moved -0.2% year to date.
Investors interested in the Retail-Wholesale sector may want to keep a close eye on Best Buy and Wayfair as they attempt to continue their solid performance.
View the Zacks #1 Rank List
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Is Best Buy (BBY) Stock Outpacing Its Retail-Wholesale Peers This Year?
Investors interested in Retail-Wholesale stocks should always be looking to find the best-performing companies in the group. Has Best Buy (BBY - 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.
Best Buy is one of 183 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #6 within 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Best Buy is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for BBY's full-year earnings has moved 3.9% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, BBY has moved about 30.6% on a year-to-date basis. Meanwhile, stocks in the Retail-Wholesale group have lost about 3.6% on average. This shows that Best Buy is outperforming its peers so far this year.
Wayfair (W - 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 5.6%.
The consensus estimate for Wayfair's current year EPS has increased 54.2% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Best Buy belongs to the Retail - Consumer Electronics industry, a group that includes 1 individual companies and currently sits at #10 in the Zacks Industry Rank. Stocks in this group have gained about 28.7% so far this year, so BBY is performing better this group in terms of year-to-date returns.
On the other hand, Wayfair belongs to the Internet - Commerce industry. This 31-stock industry is currently ranked #193. The industry has moved -0.2% year to date.
Investors interested in the Retail-Wholesale sector may want to keep a close eye on Best Buy and Wayfair as they attempt to continue their solid performance.