Investors focused on the Retail-Wholesale space have likely heard of Darden Restaurants (NYSE:DRI), 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.
Darden Restaurants is one of 218 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #7 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 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. DRI is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for DRI's full-year earnings has moved 2.02% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, DRI has gained about 18.88% so far this year. At the same time, Retail-Wholesale stocks have gained an average of 14.31%. This means that Darden Restaurants is outperforming the sector as a whole this year.
Looking more specifically, DRI belongs to the Retail - Restaurants industry, a group that includes 44 individual stocks and currently sits at #168 in the Zacks Industry Rank. Stocks in this group have gained about 11.12% so far this year, so DRI is performing better this group in terms of year-to-date returns.
Investors with an interest in Retail-Wholesale stocks should continue to track DRI. The stock will be looking to continue its solid performance.
Darden Restaurants, Inc. (DRI): Free Stock Analysis Report
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