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Is Starbucks (SBUX) Stock Outpacing Its Retail-Wholesale Peers This Year?

Zacks Equity Research

Investors focused on the Retail-Wholesale space have likely heard of Starbucks (SBUX), but is the stock performing well in comparison to the rest of its sector peers? 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.

Starbucks is one of 224 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #5 in the Zacks Sector Rank. 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. SBUX is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for SBUX's full-year earnings has moved 2.20% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

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According to our latest data, SBUX has moved about 30.16% on a year-to-date basis. Meanwhile, stocks in the Retail-Wholesale group have gained about 18.21% on average. This means that Starbucks is outperforming the sector as a whole this year.

To break things down more, SBUX belongs to the Retail - Restaurants industry, a group that includes 47 individual companies and currently sits at #102 in the Zacks Industry Rank. This group has gained an average of 22.73% so far this year, so SBUX is performing better in this area.

Investors in the Retail-Wholesale sector will want to keep a close eye on SBUX as it attempts to continue its solid performance.


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Zacks Investment Research