The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Shoe Carnival (SCVL) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Shoe Carnival is one of 218 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #4 within 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 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. SCVL is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for SCVL's full-year earnings has moved 1.52% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, SCVL has moved about 14.29% on a year-to-date basis. At the same time, Retail-Wholesale stocks have gained an average of 12.01%. As we can see, Shoe Carnival is performing better than its sector in the calendar year.
Looking more specifically, SCVL belongs to the Retail - Apparel and Shoes industry, which includes 42 individual stocks and currently sits at #32 in the Zacks Industry Rank. On average, stocks in this group have gained 6.86% this year, meaning that SCVL is performing better in terms of year-to-date returns.
Going forward, investors interested in Retail-Wholesale stocks should continue to pay close attention to SCVL as it looks to continue its solid performance.
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Shoe Carnival, Inc. (SCVL) : Free Stock Analysis Report
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