The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Casey's General Stores (CASY - 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.
Casey's General Stores is a member of our Retail-Wholesale group, which includes 224 different companies and currently sits at #6 in the Zacks Sector Rank. 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. CASY is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for CASY's full-year earnings has moved 6.85% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that CASY has returned about 25.73% since the start of the calendar year. Meanwhile, the Retail-Wholesale sector has returned an average of 17.56% on a year-to-date basis. This means that Casey's General Stores is outperforming the sector as a whole this year.
To break things down more, CASY belongs to the Retail - Convenience Stores industry, a group that includes 2 individual companies and currently sits at #229 in the Zacks Industry Rank. On average, stocks in this group have gained 24.29% this year, meaning that CASY is performing better in terms of year-to-date returns.
Investors with an interest in Retail-Wholesale stocks should continue to track CASY. The stock will be looking to continue its solid performance.