For those looking to find strong Consumer Staples stocks, it is prudent to search for companies in the group that are outperforming their peers. Ambev (ABEV - 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? Let's take a closer look at the stock's year-to-date performance to find out.
Ambev is one of 194 individual stocks in the Consumer Staples sector. Collectively, these companies sit at #4 in 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 is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Ambev is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for ABEV's full-year earnings has moved 3.1% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, ABEV has moved about 12.1% on a year-to-date basis. In comparison, Consumer Staples companies have returned an average of -1.9%. This shows that Ambev is outperforming its peers so far this year.
Another Consumer Staples stock, which has outperformed the sector so far this year, is Beyond Meat (BYND - Free Report) . The stock has returned 20.7% year-to-date.
In Beyond Meat's case, the consensus EPS estimate for the current year increased 4.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Ambev belongs to the Beverages - Alcohol industry, a group that includes 18 individual stocks and currently sits at #101 in the Zacks Industry Rank. On average, stocks in this group have gained 0.2% this year, meaning that ABEV is performing better in terms of year-to-date returns.
Beyond Meat, however, belongs to the Food - Meat Products industry. Currently, this 6-stock industry is ranked #106. The industry has moved -12.9% so far this year.
Going forward, investors interested in Consumer Staples stocks should continue to pay close attention to Ambev and Beyond Meat as they could maintain their solid performance.
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For those looking to find strong Consumer Staples stocks, it is prudent to search for companies in the group that are outperforming their peers. Ambev (ABEV - 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? Let's take a closer look at the stock's year-to-date performance to find out.
Ambev is one of 194 individual stocks in the Consumer Staples sector. Collectively, these companies sit at #4 in 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 is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Ambev is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for ABEV's full-year earnings has moved 3.1% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, ABEV has moved about 12.1% on a year-to-date basis. In comparison, Consumer Staples companies have returned an average of -1.9%. This shows that Ambev is outperforming its peers so far this year.
Another Consumer Staples stock, which has outperformed the sector so far this year, is Beyond Meat (BYND - Free Report) . The stock has returned 20.7% year-to-date.
In Beyond Meat's case, the consensus EPS estimate for the current year increased 4.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Ambev belongs to the Beverages - Alcohol industry, a group that includes 18 individual stocks and currently sits at #101 in the Zacks Industry Rank. On average, stocks in this group have gained 0.2% this year, meaning that ABEV is performing better in terms of year-to-date returns.
Beyond Meat, however, belongs to the Food - Meat Products industry. Currently, this 6-stock industry is ranked #106. The industry has moved -12.9% so far this year.
Going forward, investors interested in Consumer Staples stocks should continue to pay close attention to Ambev and Beyond Meat as they could maintain their solid performance.
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
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