Has Starbucks (SBUX) Outpaced Other Retail-Wholesale Stocks This Year?
Investors focused on the Retail-Wholesale space have likely heard of Starbucks (SBUX), 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 SBUX and the rest of the Retail-Wholesale group's stocks.
Starbucks is a member of our Retail-Wholesale group, which includes 218 different companies and currently sits at #6 in the Zacks Sector Rank. 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. SBUX is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for SBUX's full-year earnings has moved 3.03% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, SBUX has gained about 14.85% so far this year. Meanwhile, stocks in the Retail-Wholesale group have gained about 14.83% on average. This means that Starbucks is outperforming the sector as a whole this year.
Looking more specifically, SBUX belongs to the Retail - Restaurants industry, a group that includes 44 individual stocks and currently sits at #158 in the Zacks Industry Rank. On average, stocks in this group have gained 13.52% this year, meaning that SBUX is performing better in terms of year-to-date returns.
SBUX will likely be looking to continue its solid performance, so investors interested in Retail-Wholesale stocks should continue to pay close attention to the company.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.