The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Casey's General Stores (CASY) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Retail-Wholesale sector should help us answer this question.
Casey's General Stores is a member of our Retail-Wholesale group, which includes 183 different companies and currently sits at #8 in 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 system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Casey's General Stores is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for CASY's full-year earnings has moved 2.2% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, CASY has gained about 29.1% so far this year. At the same time, Retail-Wholesale stocks have gained an average of 1%. This shows that Casey's General Stores is outperforming its peers so far this year.
Alliance Laundry Holdings (ALH) is another Retail-Wholesale stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 5.4%.
In Alliance Laundry Holdings' case, the consensus EPS estimate for the current year increased 4.7% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Casey's General Stores is a member of the Retail - Convenience Stores industry, which includes 2 individual companies and currently sits at #5 in the Zacks Industry Rank. On average, this group has gained an average of 29.9% so far this year, meaning that CASY is slightly underperforming its industry in terms of year-to-date returns.
Alliance Laundry Holdings, however, belongs to the Retail - Home Furnishings industry. Currently, this 10-stock industry is ranked #162. The industry has moved -6.2% so far this year.
Casey's General Stores and Alliance Laundry Holdings 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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Casey's General Stores, Inc. (CASY): Free Stock Analysis Report
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This article originally published on Zacks Investment Research (zacks.com).