Investors focused on the Retail-Wholesale space have likely heard of Casey's General Stores, Inc. (CASY), but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.
Casey's General Stores, Inc. is a member of the Retail-Wholesale sector. This group includes 224 individual stocks and currently holds a Zacks Sector Rank of #5. 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 model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. CASY is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for CASY's full-year earnings has moved 5.23% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, CASY has returned 32.51% so far this year. Meanwhile, stocks in the Retail-Wholesale group have gained about 22.80% on average. This means that Casey's General Stores, Inc. is performing better than its sector in terms of year-to-date returns.
Looking more specifically, CASY belongs to the Retail - Convenience Stores industry, which includes 2 individual stocks and currently sits at #231 in the Zacks Industry Rank. On average, stocks in this group have gained 31.25% this year, meaning that CASY is performing better in terms of year-to-date returns.
CASY will likely be looking to continue its solid performance, so investors interested in Retail-Wholesale stocks should continue to pay close attention to the company.
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