Investors focused on the Retail-Wholesale space have likely heard of Caseys General Stores (CASY), 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.
Caseys General Stores is a member of our Retail-Wholesale group, which includes 218 different companies and currently sits at #8 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 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. CASY is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for CASY's full-year earnings has moved 8.51% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, CASY has gained about 3.23% so far this year. Meanwhile, the Retail-Wholesale sector has returned an average of 10.77% on a year-to-date basis. This shows that Caseys General Stores is outperforming its peers so far this year.
Looking more specifically, CASY belongs to the Retail - Convenience Stores industry, which includes 2 individual stocks and currently sits at #2 in the Zacks Industry Rank. On average, this group has gained an average of 4.39% so far this year, meaning that CASY is slightly underperforming its industry 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.
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Caseys General Stores, Inc. (CASY) : Free Stock Analysis Report
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