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Is Insight Enterprises (NSIT) 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. Is Insight Enterprises (NSIT - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Retail-Wholesale peers, we might be able to answer that question.

Insight Enterprises is one of 214 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #5 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 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. NSIT is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past 90 days, the Zacks Consensus Estimate for NSIT's full-year earnings has moved 3.65% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Based on the most recent data, NSIT has returned 41.11% so far this year. Meanwhile, stocks in the Retail-Wholesale group have gained about 15.67% on average. This means that Insight Enterprises is performing better than its sector in terms of year-to-date returns.

Looking more specifically, NSIT belongs to the Retail - Mail Order industry, a group that includes 4 individual stocks and currently sits at #18 in the Zacks Industry Rank. On average, this group has gained an average of 32.53% so far this year, meaning that NSIT is performing better in terms of year-to-date returns.

Investors in the Retail-Wholesale sector will want to keep a close eye on NSIT as it attempts to continue its solid performance.


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