Investors interested in Retail-Wholesale stocks should always be looking to find the best-performing companies in the group. Is Casey's General Stores (CASY) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Casey's General Stores is one of 201 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #10 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 is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Casey's General Stores is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for CASY's full-year earnings has moved 1% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that CASY has returned about 39.8% since the start of the calendar year. At the same time, Retail-Wholesale stocks have gained an average of 10.3%. This shows that Casey's General Stores is outperforming its peers so far this year.
Another Retail-Wholesale stock, which has outperformed the sector so far this year, is SharkNinja, Inc. (SN). The stock has returned 18.7% year-to-date.
For SharkNinja, Inc., the consensus EPS estimate for the current year has increased 3.3% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Casey's General Stores belongs to the Retail - Convenience Stores industry, a group that includes 2 individual stocks and currently sits at #19 in the Zacks Industry Rank. On average, stocks in this group have gained 15.2% this year, meaning that CASY is performing better in terms of year-to-date returns.
On the other hand, SharkNinja, Inc. belongs to the Retail - Miscellaneous industry. This 17-stock industry is currently ranked #38. The industry has moved +10.6% year to date.
Investors with an interest in Retail-Wholesale stocks should continue to track Casey's General Stores and SharkNinja, Inc.. These stocks will be looking to continue their solid performance.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Casey's General Stores, Inc. (CASY): Free Stock Analysis Report SharkNinja, Inc. (SN): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
