Back to top

Is Amazon.com (AMZN) Stock Outpacing Its Retail-Wholesale Peers This Year?

Read MoreHide Full Article

Investors focused on the Retail-Wholesale space have likely heard of Amazon.com (AMZN - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.

Amazon.com is one of 214 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #9 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.

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. AMZN is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past 90 days, the Zacks Consensus Estimate for AMZN's full-year earnings has moved 35.57% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Based on the most recent data, AMZN has returned 62.34% so far this year. Meanwhile, the Retail-Wholesale sector has returned an average of 15.29% on a year-to-date basis. As we can see, Amazon.com is performing better than its sector in the calendar year.

Breaking things down more, AMZN is a member of the Internet - Commerce industry, which includes 25 individual companies and currently sits at #181 in the Zacks Industry Rank. On average, this group has gained an average of 32.13% so far this year, meaning that AMZN is performing better in terms of year-to-date returns.

Investors with an interest in Retail-Wholesale stocks should continue to track AMZN. The stock will be looking to continue its solid performance.




In-Depth Zacks Research for the Tickers Above


Normally $25 each - click below to receive one report FREE:


Amazon.com, Inc. (AMZN) - free report >>

More from Zacks Tale of the Tape

You May Like