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For those looking to find strong Retail-Wholesale stocks, it makes sense to look for companies in the group that are outperforming their peers. Computer Connection (CNXN – Free Report) is a stock that can certainly catch the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let’s take a closer look at the stock’s performance to date to find out.
PC Connection is one of 227 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at number 4 within the Zacks Sector Rank. The Zacks Sector Rank measures the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven system that emphasizes earnings estimates and rating revisions, highlighting various stocks that display the right characteristics to beat the market over the next one to three months. PC Connection currently has a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for CNXN’s full-year earnings moved 4% higher last quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, CNXN has returned 15.4% so far this year. Meanwhile, the Retail-Wholesale sector returned an average of -28.7% over the year. This shows that PC Connection is outperforming its peers so far this year.
Another Wholesale Stock that has outperformed the sector so far this year is Ethan Allen (ETC – Free Report). The stock has returned 7.2% year to date.
In the case of Ethan Allen, the consensus EPS estimate for the current year has increased 20% over the last three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, PC Connection belongs to the Retail – Computer Hardware industry, a group that includes 1 individual stocks and currently sits at #5 on the Zacks Industry Rank. Stocks in this group have gained about 15.4% so far this year, so CNXN is performing on par with this group in terms of year-to-date returns.
In contrast, Ethan Allen falls under the retail industry – Home Furnishings. Currently, this industry has 7 shares and is ranked #98. Since the beginning of the year, the industry has moved -36.8%.
Investors interested in the Retail-Wholesale sector may want to keep a close eye on PC Connection and Ethan Allen as they try to continue their solid performance.
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