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Is Lamb Weston Holdings (LW) Stock Outpacing Its Consumer Staples Peers This Year?
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Investors interested in Consumer Staples stocks should always be looking to find the best-performing companies in the group. Lamb Weston Holdings (LW - Free Report) 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? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Staples sector should help us answer this question.
Lamb Weston Holdings is one of 177 individual stocks in the Consumer Staples sector. Collectively, these companies sit at #15 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. LW is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for LW's full-year earnings has moved 5.69% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, LW has gained about 17.29% so far this year. Meanwhile, the Consumer Staples sector has returned an average of -11.30% on a year-to-date basis. As we can see, Lamb Weston Holdings is performing better than its sector in the calendar year.
Breaking things down more, LW is a member of the Food - Miscellaneous industry, which includes 42 individual companies and currently sits at #162 in the Zacks Industry Rank. On average, stocks in this group have lost 11.89% this year, meaning that LW is performing better in terms of year-to-date returns.
Investors in the Consumer Staples sector will want to keep a close eye on LW as it attempts to continue its solid performance.
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Is Lamb Weston Holdings (LW) Stock Outpacing Its Consumer Staples Peers This Year?
Investors interested in Consumer Staples stocks should always be looking to find the best-performing companies in the group. Lamb Weston Holdings (LW - Free Report) 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? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Staples sector should help us answer this question.
Lamb Weston Holdings is one of 177 individual stocks in the Consumer Staples sector. Collectively, these companies sit at #15 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. LW is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for LW's full-year earnings has moved 5.69% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, LW has gained about 17.29% so far this year. Meanwhile, the Consumer Staples sector has returned an average of -11.30% on a year-to-date basis. As we can see, Lamb Weston Holdings is performing better than its sector in the calendar year.
Breaking things down more, LW is a member of the Food - Miscellaneous industry, which includes 42 individual companies and currently sits at #162 in the Zacks Industry Rank. On average, stocks in this group have lost 11.89% this year, meaning that LW is performing better in terms of year-to-date returns.
Investors in the Consumer Staples sector will want to keep a close eye on LW as it attempts to continue its solid performance.