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? One simple way to answer this question is to take a look at the year-to-date performance of SBUX and the rest of the Retail-Wholesale group's stocks.
Starbucks is one of 223 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #4 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 #2 (Buy).
The Zacks Consensus Estimate for SBUX's full-year earnings has moved 1.58% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that SBUX has returned about 49.53% since the start of the calendar year. In comparison, Retail-Wholesale companies have returned an average of 16.38%. 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, a group that includes 47 individual stocks and currently sits at #88 in the Zacks Industry Rank. On average, stocks in this group have gained 32.46% this year, meaning that SBUX is performing better in terms of year-to-date returns.
Investors in the Retail-Wholesale sector will want to keep a close eye on SBUX as it attempts to continue its solid performance.