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Among the consumer staples stocks, Tyson Foods Inc. (TSN - Free Report) should likely rake in great returns for your portfolio. The stock has a witnessed a healthy run since the beginning of this year with a year-to-date return of 42.7% and has a potential of a 43% earnings growth in fiscal 2016. Let us look at the reasons why it is a good choice at the moment.
Tyson Foods’ third-quarter fiscal 2016 earnings surpassed the Zacks Consensus Estimate as well as the year-ago tally by 13.1% and 51.0%, respectively. Higher margins drove the profits. Sales topped the estimates and gained 6.6% year over year backed by higher volume.
Ranks and Estimates are Going Up
All the estimates of this Zacks Rank #1 (Strong Buy) company have been revised upward during the last 30 days. The Zacks Consensus Estimate for fiscal 2016 has gained almost 4% to $4.52.
Consistent Innovation Helps Boost Topline
Tyson is continuously innovating and adding new products to its already rich portfolio as it is an integral part of their growth strategy. In Jul 2016, the company launched Jimmy Dean stuffed hash browns and Ball Park frozen sandwich meats that include pulled pork, meatballs and steakhouse burgers. This has been well received by consumers. Additionally, the company intends to introduce an extension of the Hillshire Snacking platform and new Tyson Naturals line of frozen chicken products made of all-natural ingredients and with no antibiotics, in Sep 2017.
Optimism in the Consumer Staples Sector
In August, consumer confidence surged to record level, highest in the past 11 months. Lower gas prices, rising consumer confidence and higher than expected job data in Aug 2016 has positively impacted the consumer staples sector.
Other picks in the Sector
Other stocks in the consumer staples sector worth considering include Helen of Troy Limited (HELE - Free Report) , Elizabeth Arden Inc. and Pinnacle Foods Inc. . All these stocks sport a Zacks Rank #1 (Strong Buy).
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
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Why Tyson Foods (TSN) is a Great Buy Right Now
Among the consumer staples stocks, Tyson Foods Inc. (TSN - Free Report) should likely rake in great returns for your portfolio. The stock has a witnessed a healthy run since the beginning of this year with a year-to-date return of 42.7% and has a potential of a 43% earnings growth in fiscal 2016. Let us look at the reasons why it is a good choice at the moment.
Solid Q3 Results
TYSON FOODS A Price and EPS Surprise
TYSON FOODS A Price and EPS Surprise | TYSON FOODS A Quote
Tyson Foods’ third-quarter fiscal 2016 earnings surpassed the Zacks Consensus Estimate as well as the year-ago tally by 13.1% and 51.0%, respectively. Higher margins drove the profits. Sales topped the estimates and gained 6.6% year over year backed by higher volume.
Ranks and Estimates are Going Up
All the estimates of this Zacks Rank #1 (Strong Buy) company have been revised upward during the last 30 days. The Zacks Consensus Estimate for fiscal 2016 has gained almost 4% to $4.52.
Consistent Innovation Helps Boost Topline
Tyson is continuously innovating and adding new products to its already rich portfolio as it is an integral part of their growth strategy. In Jul 2016, the company launched Jimmy Dean stuffed hash browns and Ball Park frozen sandwich meats that include pulled pork, meatballs and steakhouse burgers. This has been well received by consumers. Additionally, the company intends to introduce an extension of the Hillshire Snacking platform and new Tyson Naturals line of frozen chicken products made of all-natural ingredients and with no antibiotics, in Sep 2017.
Optimism in the Consumer Staples Sector
In August, consumer confidence surged to record level, highest in the past 11 months. Lower gas prices, rising consumer confidence and higher than expected job data in Aug 2016 has positively impacted the consumer staples sector.
Other picks in the Sector
Other stocks in the consumer staples sector worth considering include Helen of Troy Limited (HELE - Free Report) , Elizabeth Arden Inc. and Pinnacle Foods Inc. . All these stocks sport a Zacks Rank #1 (Strong Buy).
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>