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Has Best Buy Co. (BBY) Outpaced Other Retail-Wholesale Stocks This Year?
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Investors interested in Retail-Wholesale stocks should always be looking to find the best-performing companies in the group. Has Best Buy Co. (BBY - Free Report) been one of those stocks this year? 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.
Best Buy Co. is a member of our Retail-Wholesale group, which includes 221 different companies and currently sits at #6 in 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 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. Best Buy Co. is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for BBY's full-year earnings has moved 17.7% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that BBY has returned about 33.1% since the start of the calendar year. In comparison, Retail-Wholesale companies have returned an average of -2.6%. This means that Best Buy Co. is performing better than its sector in terms of year-to-date returns.
To break things down more, Best Buy Co. belongs to the Retail - Consumer Electronics industry, a group that includes 4 individual companies and currently sits at #31 in the Zacks Industry Rank. This group has gained an average of 64.8% so far this year, so BBY is slightly underperforming its industry in this area.
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Has Best Buy Co. (BBY) 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. Has Best Buy Co. (BBY - Free Report) been one of those stocks this year? 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.
Best Buy Co. is a member of our Retail-Wholesale group, which includes 221 different companies and currently sits at #6 in 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 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. Best Buy Co. is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for BBY's full-year earnings has moved 17.7% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that BBY has returned about 33.1% since the start of the calendar year. In comparison, Retail-Wholesale companies have returned an average of -2.6%. This means that Best Buy Co. is performing better than its sector in terms of year-to-date returns.
To break things down more, Best Buy Co. belongs to the Retail - Consumer Electronics industry, a group that includes 4 individual companies and currently sits at #31 in the Zacks Industry Rank. This group has gained an average of 64.8% so far this year, so BBY is slightly underperforming its industry in this area.