Is Casey's General Stores (CASY) Stock Outpacing Its Retail-Wholesale Peers This Year?
Investors focused on the Retail-Wholesale space have likely heard of Casey's General Stores (CASY), but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Retail-Wholesale sector should help us answer this question.
Casey's General Stores is a member of our Retail-Wholesale group, which includes 224 different companies and currently sits at #2 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. CASY is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for CASY's full-year earnings has moved 7.06% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, CASY has returned 33.12% so far this year. In comparison, Retail-Wholesale companies have returned an average of 21.98%. This means that Casey's General Stores is performing better than its sector in terms of year-to-date returns.
To break things down more, CASY belongs to the Retail - Convenience Stores industry, a group that includes 2 individual companies and currently sits at #104 in the Zacks Industry Rank. This group has gained an average of 31.27% so far this year, so CASY is performing better in this area.
Investors in the Retail-Wholesale sector will want to keep a close eye on CASY as it attempts to continue its solid performance.
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