Has Best Buy Co. (BBY) Outpaced Other Retail-Wholesale Stocks This Year?
Investors focused on the Retail-Wholesale space have likely heard of Best Buy Co. (BBY), 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 BBY and the rest of the Retail-Wholesale group's stocks.
Best Buy Co. is a member of the Retail-Wholesale sector. This group includes 214 individual stocks and currently holds a Zacks Sector Rank of #1. 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 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. BBY is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for BBY's full-year earnings has moved 0.79% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, BBY has returned 9.90% so far this year. Meanwhile, the Retail-Wholesale sector has returned an average of 14.15% on a year-to-date basis. This means that Best Buy Co. is performing better than its sector in terms of year-to-date returns.
To break things down more, BBY belongs to the Retail - Consumer Electronics industry, a group that includes 5 individual companies and currently sits at #46 in the Zacks Industry Rank. Stocks in this group have gained about 9.40% so far this year, so BBY 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 BBY as it attempts to continue its solid performance.
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