Investors focused on the Retail-Wholesale space have likely heard of Starbucks (SBUX - 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.
Starbucks is a member of our Retail-Wholesale group, which includes 218 different companies and currently sits at #6 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 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. SBUX is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for SBUX's full-year earnings has moved 2.82% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, SBUX has returned 9.80% so far this year. Meanwhile, the Retail-Wholesale sector has returned an average of 10.94% on a year-to-date basis. This means that Starbucks is performing better than its sector in terms of year-to-date returns.
Looking more specifically, SBUX belongs to the Retail - Restaurants industry, which includes 44 individual stocks and currently sits at #72 in the Zacks Industry Rank. On average, this group has gained an average of 8.29% so far this year, meaning that SBUX is performing better in terms of year-to-date returns.
SBUX 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.