Markets

Has Amazon.com (AMZN) Outpaced Other Retail-Wholesale Stocks This Year?

Investors focused on the Retail-Wholesale space have likely heard of Amazon.com (AMZN), but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of AMZN and the rest of the Retail-Wholesale group's stocks.

Amazon.com is a member of the Retail-Wholesale sector. This group includes 214 individual stocks and currently holds a Zacks Sector Rank of #7. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.

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. AMZN is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past three months, the Zacks Consensus Estimate for AMZN's full-year earnings has moved 35.57% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

Based on the latest available data, AMZN has gained about 62.93% so far this year. Meanwhile, the Retail-Wholesale sector has returned an average of 17.42% on a year-to-date basis. As we can see, Amazon.com is performing better than its sector in the calendar year.

Looking more specifically, AMZN belongs to the Internet - Commerce industry, which includes 25 individual stocks and currently sits at #198 in the Zacks Industry Rank. This group has gained an average of 32.59% so far this year, so AMZN is performing better in this area.

Going forward, investors interested in Retail-Wholesale stocks should continue to pay close attention to AMZN as it looks to continue its solid performance.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Amazon.com, Inc. (AMZN): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

AMZN

Other Topics

Investing Stocks

Latest Markets Videos

Zacks

Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at www.zacks.com.

Learn More