The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Alliance Laundry Holdings (ALH) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Alliance Laundry Holdings is one of 190 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #6 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Alliance Laundry Holdings is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for ALH's full-year earnings has moved 4.1% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, ALH has returned 10.3% so far this year. In comparison, Retail-Wholesale companies have returned an average of 0.2%. This means that Alliance Laundry Holdings is performing better than its sector in terms of year-to-date returns.
Another stock in the Retail-Wholesale sector, Aramark (ARMK), has outperformed the sector so far this year. The stock's year-to-date return is 53.9%.
In Aramark's case, the consensus EPS estimate for the current year increased 1.1% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Alliance Laundry Holdings is a member of the Retail - Home Furnishings industry, which includes 10 individual companies and currently sits at #203 in the Zacks Industry Rank. On average, this group has lost an average of 9.4% so far this year, meaning that ALH is performing better in terms of year-to-date returns.
Aramark, however, belongs to the Retail - Restaurants industry. Currently, this 36-stock industry is ranked #95. The industry has moved -3.3% so far this year.
Alliance Laundry Holdings and Aramark could continue their solid performance, so investors interested in Retail-Wholesale stocks should continue to pay close attention to these stocks.
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This article originally published on Zacks Investment Research (zacks.com).