Investors interested in Retail-Wholesale stocks should always be looking to find the best-performing companies in the group. Is Walmart (WMT - Free Report) one of those stocks right now? 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.
Walmart is a member of the Retail-Wholesale sector. This group includes 225 individual stocks and currently holds a Zacks Sector Rank of #13. 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 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. WMT is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for WMT's full-year earnings has moved 0.78% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that WMT has returned about 7.24% since the start of the calendar year. Meanwhile, the Retail-Wholesale sector has returned an average of 13.02% on a year-to-date basis. As we can see, Walmart is performing better than its sector in the calendar year.
Looking more specifically, WMT belongs to the Retail - Supermarkets industry, a group that includes 11 individual stocks and currently sits at #40 in the Zacks Industry Rank. On average, this group has gained an average of 6.94% so far this year, meaning that WMT is performing better in terms of year-to-date returns.
Going forward, investors interested in Retail-Wholesale stocks should continue to pay close attention to WMT as it looks to continue its solid performance.