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Is Bloomin' Brands (BLMN) Stock Outpacing Its Retail-Wholesale Peers This Year?
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For those looking to find strong Retail-Wholesale stocks, it is prudent to search for companies in the group that are outperforming their peers. Bloomin' Brands (BLMN - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.
Bloomin' Brands is a member of the Retail-Wholesale sector. This group includes 183 individual stocks and currently holds a Zacks Sector Rank of #8. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. Bloomin' Brands is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for BLMN's full-year earnings has moved 11.7% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, BLMN has moved about 61.3% on a year-to-date basis. In comparison, Retail-Wholesale companies have returned an average of 1.9%. As we can see, Bloomin' Brands is performing better than its sector in the calendar year.
eBay (EBAY - 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 38.3%.
Over the past three months, eBay's consensus EPS estimate for the current year has increased 1.3%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Bloomin' Brands belongs to the Retail - Restaurants industry, a group that includes 37 individual stocks and currently sits at #89 in the Zacks Industry Rank. On average, stocks in this group have lost 9.5% this year, meaning that BLMN is performing better in terms of year-to-date returns.
In contrast, eBay falls under the Internet - Commerce industry. Currently, this industry has 31 stocks and is ranked #184. Since the beginning of the year, the industry has moved +3.3%.
Going forward, investors interested in Retail-Wholesale stocks should continue to pay close attention to Bloomin' Brands and eBay as they could maintain their solid performance.
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Is Bloomin' Brands (BLMN) Stock Outpacing Its Retail-Wholesale Peers This Year?
For those looking to find strong Retail-Wholesale stocks, it is prudent to search for companies in the group that are outperforming their peers. Bloomin' Brands (BLMN - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.
Bloomin' Brands is a member of the Retail-Wholesale sector. This group includes 183 individual stocks and currently holds a Zacks Sector Rank of #8. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. Bloomin' Brands is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for BLMN's full-year earnings has moved 11.7% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, BLMN has moved about 61.3% on a year-to-date basis. In comparison, Retail-Wholesale companies have returned an average of 1.9%. As we can see, Bloomin' Brands is performing better than its sector in the calendar year.
eBay (EBAY - 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 38.3%.
Over the past three months, eBay's consensus EPS estimate for the current year has increased 1.3%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Bloomin' Brands belongs to the Retail - Restaurants industry, a group that includes 37 individual stocks and currently sits at #89 in the Zacks Industry Rank. On average, stocks in this group have lost 9.5% this year, meaning that BLMN is performing better in terms of year-to-date returns.
In contrast, eBay falls under the Internet - Commerce industry. Currently, this industry has 31 stocks and is ranked #184. Since the beginning of the year, the industry has moved +3.3%.
Going forward, investors interested in Retail-Wholesale stocks should continue to pay close attention to Bloomin' Brands and eBay as they could maintain their solid performance.