Is Lowes Companies (LOW) Outperforming Other Retail-Wholesale Stocks This Year?
Investors focused on the Retail-Wholesale space have likely heard of Lowes Companies (LOW), 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.
Lowes Companies is one of 211 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #2 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 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. LOW is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for LOW's full-year earnings has moved 11.08% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, LOW has gained about 20.12% so far this year. At the same time, Retail-Wholesale stocks have gained an average of 0.68%. This means that Lowes Companies is outperforming the sector as a whole this year.
To break things down more, LOW belongs to the Building Products - Retail industry, a group that includes 9 individual companies and currently sits at #18 in the Zacks Industry Rank. On average, stocks in this group have gained 16.88% this year, meaning that LOW is performing better in terms of year-to-date returns.
Investors in the Retail-Wholesale sector will want to keep a close eye on LOW as it attempts to continue its solid performance.
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