Investors focused on the Retail-Wholesale space have likely heard of Tech Data (TECD), but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Retail-Wholesale sector should help us answer this question.
Tech Data is one of 218 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #12 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. TECD is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for TECD's full-year earnings has moved 1.85% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, TECD has moved about 26.83% on a year-to-date basis. In comparison, Retail-Wholesale companies have returned an average of 14.77%. This means that Tech Data is outperforming the sector as a whole this year.
Looking more specifically, TECD belongs to the Retail - Computer Hardware industry, which includes 2 individual stocks and currently sits at #2 in the Zacks Industry Rank. On average, this group has gained an average of 26.45% so far this year, meaning that TECD is performing better in terms of year-to-date returns.
Investors with an interest in Retail-Wholesale stocks should continue to track TECD. The stock will be looking to continue its solid performance.
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