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Is Best Buy (BBY) Outperforming Other Retail-Wholesale Stocks 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. Best Buy (BBY - 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.
Best Buy is one of 184 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #11 within the Zacks Sector Rank. 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 proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. 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 signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, BBY has moved about 48.9% on a year-to-date basis. In comparison, Retail-Wholesale companies have returned an average of 4.4%. As we can see, Best Buy is performing better than its sector in the calendar year.
One other Retail-Wholesale stock that has outperformed the sector so far this year is Casey's General Stores (CASY - Free Report) . The stock is up 24.4% year-to-date.
In Casey's General Stores' case, the consensus EPS estimate for the current year increased 2.2% over the past three months. The stock currently has a Zacks Rank #2 (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. On average, stocks in this group have gained 46.7% this year, meaning that BBY 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 #32. Since the beginning of the year, the industry has moved +25.7%.
Investors interested in the Retail-Wholesale sector may want to keep a close eye on Best Buy and Casey's General Stores as they attempt to continue their solid performance.
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Is Best Buy (BBY) Outperforming Other Retail-Wholesale Stocks This Year?
Investors interested in Retail-Wholesale stocks should always be looking to find the best-performing companies in the group. Best Buy (BBY - 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.
Best Buy is one of 184 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #11 within the Zacks Sector Rank. 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 proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. 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 signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, BBY has moved about 48.9% on a year-to-date basis. In comparison, Retail-Wholesale companies have returned an average of 4.4%. As we can see, Best Buy is performing better than its sector in the calendar year.
One other Retail-Wholesale stock that has outperformed the sector so far this year is Casey's General Stores (CASY - Free Report) . The stock is up 24.4% year-to-date.
In Casey's General Stores' case, the consensus EPS estimate for the current year increased 2.2% over the past three months. The stock currently has a Zacks Rank #2 (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. On average, stocks in this group have gained 46.7% this year, meaning that BBY 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 #32. Since the beginning of the year, the industry has moved +25.7%.
Investors interested in the Retail-Wholesale sector may want to keep a close eye on Best Buy and Casey's General Stores as they attempt to continue their solid performance.