Investors focused on the Retail-Wholesale space have likely heard of Amazon.com (AMZN), 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 AMZN and the rest of the Retail-Wholesale group's stocks.
Amazon.com is one of 215 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #7 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. AMZN is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for AMZN's full-year earnings has moved 49.95% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, AMZN has moved about 45.05% on a year-to-date basis. In comparison, Retail-Wholesale companies have returned an average of 11.92%. This means that Amazon.com is performing better than its sector in terms of year-to-date returns.
To break things down more, AMZN belongs to the Internet - Commerce industry, a group that includes 25 individual companies and currently sits at #86 in the Zacks Industry Rank. This group has gained an average of 29.70% so far this year, so AMZN is performing better in this area.
Investors in the Retail-Wholesale sector will want to keep a close eye on AMZN as it attempts to continue its solid performance.
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