For those looking to find strong Retail-Wholesale stocks, it is prudent to search for companies in the group that are outperforming their peers. ASOS PLS (ASOMY) 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.
ASOS PLS is a member of our Retail-Wholesale group, which includes 183 different companies and currently sits at #7 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. ASOS PLS is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for ASOMY's full-year earnings has moved 10.4% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, ASOMY has returned 46.4% so far this year. Meanwhile, the Retail-Wholesale sector has returned an average of -0.6% on a year-to-date basis. This means that ASOS PLS is outperforming the sector as a whole this year.
Another stock in the Retail-Wholesale sector, Arcos Dorados (ARCO), has outperformed the sector so far this year. The stock's year-to-date return is 8.9%.
Over the past three months, Arcos Dorados' consensus EPS estimate for the current year has increased 7.7%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, ASOS PLS belongs to the Retail - Apparel and Shoes industry, which includes 38 individual stocks and currently sits at #152 in the Zacks Industry Rank. Stocks in this group have lost about 11.8% so far this year, so ASOMY is performing better this group in terms of year-to-date returns.
Arcos Dorados, however, belongs to the Retail - Restaurants industry. Currently, this 37-stock industry is ranked #95. The industry has moved -12.7% so far this year.
Going forward, investors interested in Retail-Wholesale stocks should continue to pay close attention to ASOS PLS and Arcos Dorados 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
ASOS PLS (ASOMY): Free Stock Analysis Report
Arcos Dorados Holdings Inc. (ARCO): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).