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? Let's take a closer look at the stock's year-to-date performance to find out.
Starbucks is one of 224 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #5 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. SBUX is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for SBUX's full-year earnings has moved 2.20% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that SBUX has returned about 26.40% since the start of the calendar year. Meanwhile, the Retail-Wholesale sector has returned an average of 11.26% on a year-to-date basis. As we can see, Starbucks is performing better than its sector in the calendar year.
Looking more specifically, SBUX belongs to the Retail - Restaurants industry, a group that includes 47 individual stocks and currently sits at #94 in the Zacks Industry Rank. On average, this group has gained an average of 20.28% so far this year, meaning that SBUX 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 SBUX as it looks to continue its solid performance.