For those looking to find strong Retail-Wholesale stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Tech Data (TECD - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Tech Data is one of 223 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #11 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. TECD is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for TECD's full-year earnings has moved 2.89% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, TECD has moved about 12.02% on a year-to-date basis. Meanwhile, the Retail-Wholesale sector has returned an average of 10.12% on a year-to-date basis. As we can see, Tech Data is performing better than its sector in the calendar year.
Looking more specifically, TECD belongs to the Retail - Computer Hardware industry, which includes 2 individual stocks and currently sits at #23 in the Zacks Industry Rank. Stocks in this group have gained about 11.74% so far this year, so TECD is performing better this group in terms of year-to-date returns.
Investors with an interest in Retail-Wholesale stocks should continue to track TECD. The stock will be looking to continue its solid performance.