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Are Retail-Wholesale Stocks Lagging Best Buy (BBY) 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. Has Best Buy (BBY - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Best Buy is one of 183 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #6 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. 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 3.8% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, BBY has returned 40.6% so far this year. Meanwhile, stocks in the Retail-Wholesale group have gained about 1.6% on average. This means that Best Buy is outperforming the sector as a whole this year.
One other Retail-Wholesale stock that has outperformed the sector so far this year is Wayfair (W - Free Report) . The stock is up 12.9% year-to-date.
For Wayfair, the consensus EPS estimate for the current year has increased 54.2% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Best Buy belongs to the Retail - Consumer Electronics industry, a group that includes 1 individual stocks and currently sits at #5 in the Zacks Industry Rank. This group has gained an average of 38.6% so far this year, so BBY is performing better in this area.
On the other hand, Wayfair belongs to the Internet - Commerce industry. This 31-stock industry is currently ranked #160. The industry has moved +2.9% 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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Are Retail-Wholesale Stocks Lagging Best Buy (BBY) This Year?
The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Best Buy (BBY - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Best Buy is one of 183 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #6 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. 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 3.8% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, BBY has returned 40.6% so far this year. Meanwhile, stocks in the Retail-Wholesale group have gained about 1.6% on average. This means that Best Buy is outperforming the sector as a whole this year.
One other Retail-Wholesale stock that has outperformed the sector so far this year is Wayfair (W - Free Report) . The stock is up 12.9% year-to-date.
For Wayfair, the consensus EPS estimate for the current year has increased 54.2% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Best Buy belongs to the Retail - Consumer Electronics industry, a group that includes 1 individual stocks and currently sits at #5 in the Zacks Industry Rank. This group has gained an average of 38.6% so far this year, so BBY is performing better in this area.
On the other hand, Wayfair belongs to the Internet - Commerce industry. This 31-stock industry is currently ranked #160. The industry has moved +2.9% 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.