Is Insight Enterprises (NSIT) Stock Outpacing Its Retail-Wholesale Peers This Year?
The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Insight Enterprises (NSIT) 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.
Insight Enterprises is one of 225 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #5 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. NSIT is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for NSIT's full-year earnings has moved 5.16% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, NSIT has gained about 36.42% so far this year. Meanwhile, the Retail-Wholesale sector has returned an average of 16.89% on a year-to-date basis. As we can see, Insight Enterprises is performing better than its sector in the calendar year.
Looking more specifically, NSIT belongs to the Retail - Mail Order industry, which includes 3 individual stocks and currently sits at #11 in the Zacks Industry Rank. On average, stocks in this group have gained 14.01% this year, meaning that NSIT is performing better in terms of year-to-date returns.
NSIT 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.