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Has Titan Machinery (TITN) Outpaced Other Retail-Wholesale Stocks This Year?

By Zacks Investment ResearchStock MarketsOct 20, 2021 11:30PM ET
www.investing.com/analysis/has-titan-machinery-titn-outpaced-other-retailwholesale-stocks-this-year-200605879
Has Titan Machinery (TITN) Outpaced Other Retail-Wholesale Stocks This Year?
By Zacks Investment Research   |  Oct 20, 2021 11:30PM ET
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Investors interested in Retail-Wholesale stocks should always be looking to find the best-performing companies in the group. Is Titan Machinery (NASDAQ:TITN) one of those stocks right now? 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.

Titan Machinery is one of 219 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #2 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. TITN is currently sporting a Zacks Rank of #1 (Strong Buy).

The Zacks Consensus Estimate for TITN's full-year earnings has moved 19.72% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

According to our latest data, TITN has moved about 46.14% on a year-to-date basis. Meanwhile, the Retail-Wholesale sector has returned an average of -4.92% on a year-to-date basis. This means that Titan Machinery is outperforming the sector as a whole this year.

Looking more specifically, TITN belongs to the Automotive - Retail and Whole Sales industry, which includes 9 individual stocks and currently sits at #16 in the Zacks Industry Rank. Stocks in this group have gained about 42.63% so far this year, so TITN is performing better this group in terms of year-to-date returns.

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


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Has Titan Machinery (TITN) Outpaced Other Retail-Wholesale Stocks This Year?
 

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Has Titan Machinery (TITN) Outpaced Other Retail-Wholesale Stocks This Year?

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