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 one of 227 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #9 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. WBA is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for WBA's full-year earnings has moved 1.42% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, WBA has returned 18% so far this year. At the same time, Retail-Wholesale stocks have gained an average of 10.33%. This means that Walgreens Boots Alliance is outperforming the sector as a whole this year.
Looking more specifically, WBA belongs to the Retail - Pharmacies and Drug Stores industry, a group that includes 6 individual stocks and currently sits at #68 in the Zacks Industry Rank. On average, stocks in this group have gained 15.20% this year, meaning that WBA is performing better 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.