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Is Costco Wholesale (COST) Stock Outpacing Its Retail-Wholesale Peers This Year?

Zacks

For those looking to find strong Retail-Wholesale stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Costco Wholesale (COST) 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.

Costco Wholesale is a member of the Retail-Wholesale sector. This group includes 214 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 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. COST is currently sporting a Zacks Rank of #2 (Buy).

Over the past three months, the Zacks Consensus Estimate for COST’s full-year earnings has moved 0.72% higher. This shows that analyst sentiment has improved and the company’s earnings outlook is stronger.


Based on the latest available data, COST has gained about 30.66% so far this year. At the same time, Retail-Wholesale stocks have gained an average of 17.50%. This means that Costco Wholesale is outperforming the sector as a whole this year.

Looking more specifically, COST belongs to the Retail – Discount Stores industry, which includes 11 individual stocks and currently sits at #33 in the Zacks Industry Rank. This group has gained an average of 27.59% so far this year, so COST is performing better in this area.

COST will likely be looking to continue its solid performance, so investors interested Retail-Wholesale stocks should continue to pay close attention to the company.


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