Investors focused on the Retail-Wholesale space have likely heard of Zumiez (ZUMZ - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Retail-Wholesale sector should help us answer this question.
Zumiez is a member of our Retail-Wholesale group, which includes 213 different companies and currently sits at #8 in 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 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. ZUMZ is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for ZUMZ's full-year earnings has moved 5.33% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, ZUMZ has returned 27.49% so far this year. Meanwhile, the Retail-Wholesale sector has returned an average of 19.40% on a year-to-date basis. As we can see, Zumiez is performing better than its sector in the calendar year.
To break things down more, ZUMZ belongs to the Retail - Apparel and Shoes industry, a group that includes 33 individual companies and currently sits at #30 in the Zacks Industry Rank. This group has gained an average of 6.47% so far this year, so ZUMZ is performing better in this area.
Going forward, investors interested in Retail-Wholesale stocks should continue to pay close attention to ZUMZ as it looks to continue its solid performance.