Has Starbucks (SBUX) Outpaced Other Retail-Wholesale Stocks This Year?
Investors interested in Retail-Wholesale stocks should always be looking to find the best-performing companies in the group. Starbucks (SBUX) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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.
Starbucks is a member of the Retail-Wholesale sector. This group includes 223 individual stocks and currently holds a Zacks Sector Rank of #9. 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 is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. SBUX is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for SBUX's full-year earnings has moved 3.05% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, SBUX has gained about 19.02% so far this year. At the same time, Retail-Wholesale stocks have gained an average of 17.37%. This shows that Starbucks is outperforming its peers so far this year.
Breaking things down more, SBUX is a member of the Retail - Restaurants industry, which includes 46 individual companies and currently sits at #96 in the Zacks Industry Rank. Stocks in this group have gained about 15.06% so far this year, so SBUX is performing better this group 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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