Investors interested in Retail-Wholesale shares should always look for the best performing companies in the group. Does Costco Wholesale (COST – Free Report) Any of these stocks right now? Looking at how the stock has performed since the start of the year relative to its retail and wholesale peers, we might be able to answer this question.
Costco Wholesale is a member of the Retail-Wholesale sector. This group consists of 219 individual stocks and currently holds a # 1 Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks rank of individual stocks within the sector to gauge the strength of each group.
Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings prospects. This system has a long history of success, and these stocks tend to be on track to beat the market over the next one to three months. COST currently sports a Zacks rank of # 2 (Buy).
Over the past three months, Zacks’ consensus estimate for COST’s annual profit has risen 4.54%. This means that analysts’ sentiment is stronger and the stock’s earnings outlook is improving.
Based on the most recent data, COST has reported 20.19% so far this year. In comparison, retail-wholesale companies reported an average of -8.39%. As we can see, Costco Wholesale is doing better than its industry during the calendar year.
Looking more closely, COST belongs to the retail – discount stores sector, which includes 8 individual stocks and currently sits at 179th in the Zacks industry rankings. This group has gained an average of 11.11% so far this year, so COST is performing better in this area.
COST will likely look to continue its strong performance, so investors interested in retail-wholesale stocks should continue to pay close attention to the company.