Has Insight Enterprises (NSIT) Outpaced Other Retail-Wholesale Stocks This Year?
For those looking to find strong Retail-Wholesale stocks, it is prudent to search for companies in the group that are outperforming their peers. Insight Enterprises (NSIT) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of NSIT and the rest of the Retail-Wholesale group’s stocks.
Insight Enterprises is a member of our Retail-Wholesale group, which includes 214 different companies and currently sits at #5 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. NSIT is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for NSIT’s full-year earnings has moved 3.65% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, NSIT has gained about 41.11% so far this year. Meanwhile, stocks in the Retail-Wholesale group have gained about 15.67% on average. This means that Insight Enterprises is outperforming the sector as a whole this year.
Breaking things down more, NSIT is a member of the Retail – Mail Order industry, which includes 4 individual companies and currently sits at #18 in the Zacks Industry Rank. This group has gained an average of 32.53% so far this year, so NSIT is performing better in this area.
Investors with an interest in Retail-Wholesale stocks should continue to track NSIT. The stock will be looking to continue its solid performance.
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Insight Enterprises, Inc. (NSIT): Free Stock Analysis Report
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