Investors focused on the Retail-Wholesale space have likely heard of Darden Restaurants (DRI), 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.
Darden Restaurants is one of 223 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #8 within 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 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. DRI is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for DRI's full-year earnings has moved 2.01% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, DRI has gained about 17.17% so far this year. Meanwhile, stocks in the Retail-Wholesale group have gained about 16.81% on average. This means that Darden Restaurants is performing better than its sector in terms of year-to-date returns.
Looking more specifically, DRI belongs to the Retail - Restaurants industry, a group that includes 46 individual stocks and currently sits at #97 in the Zacks Industry Rank. This group has gained an average of 13.71% so far this year, so DRI is performing better in this area.
Going forward, investors interested in Retail-Wholesale stocks should continue to pay close attention to DRI as it looks to continue its solid performance.
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