Are Retail-Wholesale Shares Underperforming Carrefour (CRRFY) in 2024?

Evaluating Top Performers in Retail-Wholesale Stocks

For those tracking the Retail-Wholesale sector, identifying standout stocks is essential. One company drawing attention is Carrefour SA (CRRFY). Let’s review how it has performed so far this year.

Carrefour SA is among 195 stocks within the Retail-Wholesale sector, which currently holds the 11th spot in the Zacks Sector Rank—a ranking system that sorts 16 sectors based on the average Zacks Rank of their constituent companies.

The Zacks Rank system prioritizes changes in earnings forecasts and revisions, aiming to highlight stocks with strengthening earnings prospects. Historically, stocks with higher Zacks Ranks have outperformed the market over short-term periods. At present, Carrefour SA holds a Zacks Rank of #2 (Buy).

In the last quarter, analysts have raised their full-year earnings projections for CRRFY by 2.7%, signaling growing optimism about the company’s financial outlook.

So far this year, CRRFY has delivered a return of approximately 5.7%. In contrast, the average return for Retail-Wholesale sector stocks is -0.5%, indicating that Carrefour SA is outpacing its sector peers in 2024.

Other Noteworthy Stocks: Casey’s General Stores

Casey’s General Stores (CASY) is another stock in the Retail-Wholesale space that has surpassed sector performance, posting a 24.8% gain since the start of the year.

Over the past three months, consensus earnings per share estimates for Casey’s General Stores have increased by 4.6%. The stock also carries a Zacks Rank of #2 (Buy).

Industry Breakdown

Carrefour SA operates within the Retail - Supermarkets industry, which consists of nine companies and is ranked #161 in the Zacks Industry Rank. On average, stocks in this industry have climbed 12.4% year-to-date, meaning CRRFY is slightly trailing its industry peers in terms of returns.

Meanwhile, Casey’s General Stores is part of the Retail - Convenience Stores industry, a small group of two companies currently ranked #27. This industry has advanced by 20.3% so far this year.

Looking ahead, investors interested in Retail-Wholesale stocks should keep a close watch on both Carrefour SA and Casey’s General Stores, as both have the potential to continue their strong performance.

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Additional Resources

For more top stock picks from Zacks Investment Research, you can access their list of 7 Best Stocks for the Next 30 Days.