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Has Amazon.com (AMZN) Outpaced Other Retail-Wholesale Stocks This Year?
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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 Amazon (AMZN - Free Report) 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.
Amazon is one of 202 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #12 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. Amazon is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for AMZN's full-year earnings has moved 1.7% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, AMZN has moved about 6.7% on a year-to-date basis. Meanwhile, the Retail-Wholesale sector has returned an average of 6.6% on a year-to-date basis. As we can see, Amazon is performing better than its sector in the calendar year.
Beyond (BYON - Free Report) is another Retail-Wholesale stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 81.5%.
For Beyond, the consensus EPS estimate for the current year has increased 17.5% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Amazon belongs to the Internet - Commerce industry, a group that includes 36 individual stocks and currently sits at #98 in the Zacks Industry Rank. On average, this group has gained an average of 12.4% so far this year, meaning that AMZN is slightly underperforming its industry in terms of year-to-date returns. Beyond is also part of the same industry.
Investors with an interest in Retail-Wholesale stocks should continue to track Amazon and Beyond. These stocks will be looking to continue their solid performance.
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Has Amazon.com (AMZN) Outpaced Other Retail-Wholesale Stocks 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 Amazon (AMZN - Free Report) 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.
Amazon is one of 202 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #12 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. Amazon is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for AMZN's full-year earnings has moved 1.7% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, AMZN has moved about 6.7% on a year-to-date basis. Meanwhile, the Retail-Wholesale sector has returned an average of 6.6% on a year-to-date basis. As we can see, Amazon is performing better than its sector in the calendar year.
Beyond (BYON - Free Report) is another Retail-Wholesale stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 81.5%.
For Beyond, the consensus EPS estimate for the current year has increased 17.5% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Amazon belongs to the Internet - Commerce industry, a group that includes 36 individual stocks and currently sits at #98 in the Zacks Industry Rank. On average, this group has gained an average of 12.4% so far this year, meaning that AMZN is slightly underperforming its industry in terms of year-to-date returns. Beyond is also part of the same industry.
Investors with an interest in Retail-Wholesale stocks should continue to track Amazon and Beyond. These stocks will be looking to continue their solid performance.