For those looking to find strong Retail-Wholesale stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Costco Wholesale (COST - 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.
Costco Wholesale is a member of the Retail-Wholesale sector. This group includes 214 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 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. COST is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for COST's full-year earnings has moved 0.72% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, COST has gained about 30.66% so far this year. At the same time, Retail-Wholesale stocks have gained an average of 17.50%. This means that Costco Wholesale is outperforming the sector as a whole this year.
Looking more specifically, COST belongs to the Retail - Discount Stores industry, which includes 11 individual stocks and currently sits at #33 in the Zacks Industry Rank. This group has gained an average of 27.59% so far this year, so COST is performing better in this area.
COST will likely be looking to continue its solid performance, so investors interested Retail-Wholesale stocks should continue to pay close attention to the company.