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Has General Mills (GIS) Outpaced Other Consumer Staples Stocks This Year?
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Investors focused on the Consumer Staples space have likely heard of General Mills (GIS - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? By taking a look at the stock's year-to-date performance in comparison to its Consumer Staples peers, we might be able to answer that question.
General Mills is one of 165 companies in the Consumer Staples group. The Consumer Staples group currently sits at #11 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. GIS is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for GIS's full-year earnings has moved 2.03% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that GIS has returned about 35.62% since the start of the calendar year. In comparison, Consumer Staples companies have returned an average of 15.83%. As we can see, General Mills is performing better than its sector in the calendar year.
Looking more specifically, GIS belongs to the Food - Miscellaneous industry, a group that includes 40 individual stocks and currently sits at #107 in the Zacks Industry Rank. On average, this group has gained an average of 11.41% so far this year, meaning that GIS is performing better in terms of year-to-date returns.
Investors with an interest in Consumer Staples stocks should continue to track GIS. The stock will be looking to continue its solid performance.
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Has General Mills (GIS) Outpaced Other Consumer Staples Stocks This Year?
Investors focused on the Consumer Staples space have likely heard of General Mills (GIS - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? By taking a look at the stock's year-to-date performance in comparison to its Consumer Staples peers, we might be able to answer that question.
General Mills is one of 165 companies in the Consumer Staples group. The Consumer Staples group currently sits at #11 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. GIS is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for GIS's full-year earnings has moved 2.03% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that GIS has returned about 35.62% since the start of the calendar year. In comparison, Consumer Staples companies have returned an average of 15.83%. As we can see, General Mills is performing better than its sector in the calendar year.
Looking more specifically, GIS belongs to the Food - Miscellaneous industry, a group that includes 40 individual stocks and currently sits at #107 in the Zacks Industry Rank. On average, this group has gained an average of 11.41% so far this year, meaning that GIS is performing better in terms of year-to-date returns.
Investors with an interest in Consumer Staples stocks should continue to track GIS. The stock will be looking to continue its solid performance.