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Is Titan Machinery (TITN) Outperforming Other Retail-Wholesale Stocks This Year?

Investors focused on the Retail-Wholesale space have likely heard of Titan Machinery (TITN), but is the stock performing well in comparison to the rest of its sector peers? 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.

Titan Machinery 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 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 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. TITN is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for TITN's full-year earnings has moved 18.68% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

Based on the latest available data, TITN has gained about 42.51% so far this year. At the same time, Retail-Wholesale stocks have gained an average of 10.70%. This means that Titan Machinery is outperforming the sector as a whole this year.

Breaking things down more, TITN is a member of the Automotive - Retail and Whole Sales industry, which includes 9 individual companies and currently sits at #8 in the Zacks Industry Rank. This group has gained an average of 12.21% so far this year, so TITN is performing better in this area.

Investors in the Retail-Wholesale sector will want to keep a close eye on TITN as it attempts to continue its solid performance.

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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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