Investors interested in Retail-Wholesale stocks should always be looking to find the best-performing companies in the group. Is Insight Enterprises (NSIT) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Insight Enterprises 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 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 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. Insight Enterprises is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for NSIT's full-year earnings has moved 6.5% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, NSIT has gained about 91.3% so far this year. Meanwhile, stocks in the Retail-Wholesale group have lost about 2.3% on average. This means that Insight Enterprises is outperforming the sector as a whole this year.
One other Retail-Wholesale stock that has outperformed the sector so far this year is Next PLC (NXGPY). The stock is up 11.3% year-to-date.
Over the past three months, Next PLC's consensus EPS estimate for the current year has increased 1.3%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Insight Enterprises belongs to the Retail - Mail Order industry, a group that includes 2 individual stocks and currently sits at #11 in the Zacks Industry Rank. Stocks in this group have gained about 78.1% so far this year, so NSIT is performing better this group in terms of year-to-date returns.
Next PLC, however, belongs to the Retail - Apparel and Shoes industry. Currently, this 39-stock industry is ranked #81. The industry has moved -19.4% so far this year.
Investors interested in the Retail-Wholesale sector may want to keep a close eye on Insight Enterprises and Next PLC as they attempt to continue their solid performance.
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Insight Enterprises, Inc. (NSIT): Free Stock Analysis Report
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This article originally published on Zacks Investment Research (zacks.com).