For those looking to find strong Retail-Wholesale stocks, it is prudent to search for companies in the group that are outperforming their peers. Bloomin' Brands (BLMN) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.
Bloomin' Brands is a member of the Retail-Wholesale sector. This group includes 183 individual stocks and currently holds a Zacks Sector Rank of #8. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. Bloomin' Brands is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for BLMN's full-year earnings has moved 11.7% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, BLMN has moved about 61.3% on a year-to-date basis. In comparison, Retail-Wholesale companies have returned an average of 1.9%. As we can see, Bloomin' Brands is performing better than its sector in the calendar year.
eBay (EBAY) is another Retail-Wholesale stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 38.3%.
Over the past three months, eBay's consensus EPS estimate for the current year has increased 1.3%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Bloomin' Brands belongs to the Retail - Restaurants industry, a group that includes 37 individual stocks and currently sits at #89 in the Zacks Industry Rank. On average, stocks in this group have lost 9.5% this year, meaning that BLMN is performing better in terms of year-to-date returns.
In contrast, eBay falls under the Internet - Commerce industry. Currently, this industry has 31 stocks and is ranked #184. Since the beginning of the year, the industry has moved +3.3%.
Going forward, investors interested in Retail-Wholesale stocks should continue to pay close attention to Bloomin' Brands and eBay as they could maintain their solid performance.
Radical New Technology Could Hand Investors Huge Gains
Quantum Computing is the next technological revolution, and it could be even more advanced than AI.
While some believed the technology was years away, it is already present and moving fast. Large hyperscalers, such as Microsoft, Google, Amazon, Oracle, and even Meta and Tesla, are scrambling to integrate quantum computing into their infrastructure.
Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power .
Kevin was among the early experts who recognized NVIDIA's enormous potential back in 2016. Now, he has keyed in on what could be "the next big thing" in quantum computing supremacy. Today, you have a rare chance to position your portfolio at the forefront of this opportunity.
See Top Quantum Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Bloomin' Brands, Inc. (BLMN): Free Stock Analysis Report
eBay Inc. (EBAY): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).