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Is Costco Wholesale (COST) Outperforming Other Retail-Wholesale Stocks This Year?
COSTCostco(COST) ZACKS·2024-07-16 14:41

Group 1 - Costco is currently outperforming the Retail-Wholesale sector with a year-to-date return of 28.6%, compared to the sector's average return of 13.8% [2] - The Zacks Consensus Estimate for Costco's full-year earnings has increased by 0.9% over the past 90 days, indicating improved analyst sentiment [2] - Costco holds a Zacks Rank of 2 (Buy), suggesting a positive outlook for the stock [1][2] Group 2 - Costco is part of the Retail - Discount Stores industry, which ranks 60 in the Zacks Industry Rank, with an average gain of 18.3% this year [3] - Walmart, another outperforming stock in the Retail-Wholesale sector, has a year-to-date return of 32.5% and belongs to the Retail - Supermarkets industry, currently ranked 19 [2][3] - Both Costco and Walmart are expected to continue their strong performance, making them noteworthy for investors in the Retail-Wholesale sector [3]