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? By taking a look at the stock's year-to-date performance in comparison to its Retail-Wholesale peers, we might be able to answer that question.
Insight Enterprises is a member of the Retail-Wholesale sector. This group includes 190 individual stocks and currently holds a Zacks Sector Rank of #7. 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 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 #2 (Buy).
The Zacks Consensus Estimate for NSIT's full-year earnings has moved 6.5% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, NSIT has gained about 91% so far this year. At the same time, Retail-Wholesale stocks have lost an average of 4%. This shows that Insight Enterprises is outperforming its peers so far this year.
One other Retail-Wholesale stock that has outperformed the sector so far this year is Abercrombie & Fitch (ANF). The stock is up 6.1% year-to-date.
In Abercrombie & Fitch's case, the consensus EPS estimate for the current year increased 7.7% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Insight Enterprises belongs to the Retail - Mail Order industry, a group that includes 2 individual stocks and currently sits at #29 in the Zacks Industry Rank. On average, stocks in this group have gained 76.8% this year, meaning that NSIT is performing better in terms of year-to-date returns.
Abercrombie & Fitch, however, belongs to the Retail - Apparel and Shoes industry. Currently, this 39-stock industry is ranked #97. The industry has moved -16.8% so far this year.
Investors interested in the Retail-Wholesale sector may want to keep a close eye on Insight Enterprises and Abercrombie & Fitch as they attempt to continue their solid performance.
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This article originally published on Zacks Investment Research (zacks.com).