Investors focused on the Retail-Wholesale space have likely heard of Alibaba Group Holding (BABA), but is the stock performing well in comparison to the rest of its sector peers? By taking a look at the stock's year-to-date performance in comparison to its Retail-Wholesale peers, we might be able to answer that question.
Alibaba Group Holding is one of 224 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #5 within 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 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. BABA is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for BABA's full-year earnings has moved 14.04% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that BABA has returned about 30.55% since the start of the calendar year. Meanwhile, the Retail-Wholesale sector has returned an average of 22.09% on a year-to-date basis. This means that Alibaba Group Holding is outperforming the sector as a whole this year.
Looking more specifically, BABA belongs to the Internet - Commerce industry, a group that includes 28 individual stocks and currently sits at #149 in the Zacks Industry Rank. Stocks in this group have gained about 24.90% so far this year, so BABA is performing better this group in terms of year-to-date returns.
Investors in the Retail-Wholesale sector will want to keep a close eye on BABA as it attempts to continue its solid performance.
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