Investors focused on the Retail-Wholesale space have likely heard of Walgreens Boots Alliance (WBA - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? 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.
Walgreens Boots Alliance is a member of the Retail-Wholesale sector. This group includes 228 individual stocks and currently holds a Zacks Sector Rank of #5. 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. WBA is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for WBA's full-year earnings has moved 1.55% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that WBA has returned about 12.79% since the start of the calendar year. Meanwhile, stocks in the Retail-Wholesale group have gained about 10.04% on average. This shows that Walgreens Boots Alliance is outperforming its peers so far this year.
Looking more specifically, WBA belongs to the Retail - Pharmacies and Drug Stores industry, which includes 6 individual stocks and currently sits at #16 in the Zacks Industry Rank. On average, stocks in this group have gained 12.88% this year, meaning that WBA is slightly underperforming its industry in terms of year-to-date returns.
Investors in the Retail-Wholesale sector will want to keep a close eye on WBA as it attempts to continue its solid performance.