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Is Best Buy Co. (BBY) Outperforming Other Retail-Wholesale Stocks This Year?

Zacks Equity Research

Investors focused on the Retail-Wholesale space have likely heard of Best Buy Co. (BBY), but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of BBY and the rest of the Retail-Wholesale group's stocks.

Best Buy Co. is a member of the Retail-Wholesale sector. This group includes 224 individual stocks and currently holds a Zacks Sector Rank of #5. 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 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. BBY is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for BBY's full-year earnings has moved 1.81% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

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According to our latest data, BBY has moved about 25.81% on a year-to-date basis. In comparison, Retail-Wholesale companies have returned an average of 16.25%. This shows that Best Buy Co. is outperforming its peers so far this year.

To break things down more, BBY belongs to the Retail - Consumer Electronics industry, a group that includes 6 individual companies and currently sits at #33 in the Zacks Industry Rank. On average, stocks in this group have gained 21.63% this year, meaning that BBY is performing better in terms of year-to-date returns.

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


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Zacks Investment Research