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Is Pinduoduo (PDD) Stock Outpacing Its Retail-Wholesale Peers This Year?

The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Pinduoduo Inc. Sponsored ADR (PDD) one of those stocks right now? 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.

Pinduoduo Inc. Sponsored ADR is a member of our Retail-Wholesale group, which includes 226 different companies and currently sits at #13 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

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. Pinduoduo Inc. Sponsored ADR is currently sporting a Zacks Rank of #1 (Strong Buy).

Within the past quarter, the Zacks Consensus Estimate for PDD's full-year earnings has moved 11.8% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Based on the most recent data, PDD has returned 14.6% so far this year. Meanwhile, stocks in the Retail-Wholesale group have lost about 22% on average. This shows that Pinduoduo Inc. Sponsored ADR is outperforming its peers so far this year.

Another Retail-Wholesale stock, which has outperformed the sector so far this year, is Performance Food Group (PFGC). The stock has returned 0.9% year-to-date.

The consensus estimate for Performance Food Group's current year EPS has increased 14.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).

Breaking things down more, Pinduoduo Inc. Sponsored ADR is a member of the Internet - Commerce industry, which includes 42 individual companies and currently sits at #66 in the Zacks Industry Rank. On average, this group has lost an average of 34.5% so far this year, meaning that PDD is performing better in terms of year-to-date returns.

In contrast, Performance Food Group falls under the Food - Natural Foods Products industry. Currently, this industry has 7 stocks and is ranked #171. Since the beginning of the year, the industry has moved +15.4%.

Investors with an interest in Retail-Wholesale stocks should continue to track Pinduoduo Inc. Sponsored ADR and Performance Food Group. These stocks will be looking to continue their solid performance.

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Pinduoduo Inc. Sponsored ADR (PDD) : Free Stock Analysis Report

Performance Food Group Company (PFGC) : Free Stock Analysis Report

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Zacks Investment Research