Investors focused on the Retail-Wholesale space have likely heard of Best Buy Co. (BBY - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Retail-Wholesale sector should help us answer this question.
Best Buy Co. is one of 223 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #11 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. BBY is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for BBY's full-year earnings has moved 1.81% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, BBY has returned 22.75% so far this year. At the same time, Retail-Wholesale stocks have gained an average of 10.47%. This shows that Best Buy Co. is outperforming its peers so far this year.
Breaking things down more, BBY is a member of the Retail - Consumer Electronics industry, which includes 6 individual companies and currently sits at #186 in the Zacks Industry Rank. On average, stocks in this group have gained 18.23% this year, meaning that BBY 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 BBY as it looks to continue its solid performance.