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Is Costco Wholesale (COST) Stock Outpacing Its Retail-Wholesale Peers This Year?

For those looking to find strong Retail-Wholesale stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Costco Wholesale (COST) one of those stocks right now? 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.

Costco Wholesale is a member of the Retail-Wholesale sector. This group includes 214 individual stocks and currently holds a Zacks Sector Rank of #8. 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 system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. COST is currently sporting a Zacks Rank of #2 (Buy).

Over the past three months, the Zacks Consensus Estimate for COST's full-year earnings has moved 0.72% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Based on the latest available data, COST has gained about 30.66% so far this year. At the same time, Retail-Wholesale stocks have gained an average of 17.50%. This means that Costco Wholesale is outperforming the sector as a whole this year.

Looking more specifically, COST belongs to the Retail - Discount Stores industry, which includes 11 individual stocks and currently sits at #33 in the Zacks Industry Rank. This group has gained an average of 27.59% so far this year, so COST is performing better in this area.

COST will likely be looking to continue its solid performance, so investors interested 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.


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

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