The Consumer Staples group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has General Mills (GIS - Free Report) been one of those stocks this year? 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.
General Mills is one of 166 companies in the Consumer Staples group. The Consumer Staples group currently sits at #5 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 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. GIS is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for GIS's full-year earnings has moved 1.98% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, GIS has moved about 30.64% on a year-to-date basis. Meanwhile, stocks in the Consumer Staples group have gained about 15.08% on average. This means that General Mills is performing better than its sector in terms of year-to-date returns.
To break things down more, GIS belongs to the Food - Miscellaneous industry, a group that includes 40 individual companies and currently sits at #97 in the Zacks Industry Rank. On average, stocks in this group have gained 11.17% this year, meaning that GIS is performing better in terms of year-to-date returns.
Investors in the Consumer Staples sector will want to keep a close eye on GIS as it attempts to continue its solid performance.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
The Consumer Staples group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has General Mills (GIS - Free Report) been one of those stocks this year? 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.
General Mills is one of 166 companies in the Consumer Staples group. The Consumer Staples group currently sits at #5 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 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. GIS is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for GIS's full-year earnings has moved 1.98% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, GIS has moved about 30.64% on a year-to-date basis. Meanwhile, stocks in the Consumer Staples group have gained about 15.08% on average. This means that General Mills is performing better than its sector in terms of year-to-date returns.
To break things down more, GIS belongs to the Food - Miscellaneous industry, a group that includes 40 individual companies and currently sits at #97 in the Zacks Industry Rank. On average, stocks in this group have gained 11.17% this year, meaning that GIS is performing better in terms of year-to-date returns.
Investors in the Consumer Staples sector will want to keep a close eye on GIS as it attempts to continue its solid performance.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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