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? By taking a look at the stock's year-to-date performance in comparison to its Retail-Wholesale peers, we might be able to answer that question.
Starbucks is one of 219 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #5 within 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 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. SBUX is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for SBUX's full-year earnings has moved 2.91% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, SBUX has gained about 5.81% so far this year. In comparison, Retail-Wholesale companies have returned an average of 10.70%. This shows that Starbucks is outperforming its peers so far this year.
Looking more specifically, SBUX belongs to the Retail - Restaurants industry, a group that includes 45 individual stocks and currently sits at #151 in the Zacks Industry Rank. On average, this group has gained an average of 5.61% so far this year, meaning that SBUX is performing better in terms of year-to-date returns.
Investors in the Retail-Wholesale sector will want to keep a close eye on SBUX as it attempts to continue its solid performance.
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