The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Titan Machinery (TITN - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of TITN and the rest of the Retail-Wholesale group's stocks.
Titan Machinery is a member of our Retail-Wholesale group, which includes 222 different companies and currently sits at #8 in the Zacks Sector Rank. 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 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. TITN is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for TITN's full-year earnings has moved 17.86% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, TITN has returned 4.49% so far this year. Meanwhile, the Retail-Wholesale sector has returned an average of -1.39% on a year-to-date basis. As we can see, Titan Machinery is performing better than its sector in the calendar year.
Looking more specifically, TITN belongs to the Automotive - Retail and Whole Sales industry, a group that includes 9 individual stocks and currently sits at #24 in the Zacks Industry Rank. On average, stocks in this group have gained 1.43% this year, meaning that TITN is performing better in terms of year-to-date returns.
TITN will likely be looking to continue its solid performance, so investors interested in Retail-Wholesale stocks should continue to pay close attention to the company.