The Consumer Staples group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Coca-Cola (KO - 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? One simple way to answer this question is to take a look at the year-to-date performance of KO and the rest of the Consumer Staples group's stocks.
Coca-Cola is one of 177 individual stocks in the Consumer Staples sector. Collectively, these companies sit at #9 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. KO is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for KO's full-year earnings has moved 0.33% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, KO has gained about 5.84% so far this year. Meanwhile, stocks in the Consumer Staples group have lost about 0.91% on average. This means that Coca-Cola is performing better than its sector in terms of year-to-date returns.
Breaking things down more, KO is a member of the Beverages - Soft drinks industry, which includes 19 individual companies and currently sits at #90 in the Zacks Industry Rank. On average, this group has gained an average of 3.62% so far this year, meaning that KO is performing better in terms of year-to-date returns.
KO will likely be looking to continue its solid performance, so investors interested in Consumer Staples stocks should continue to pay close attention to the company.
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. Coca-Cola (KO - 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? One simple way to answer this question is to take a look at the year-to-date performance of KO and the rest of the Consumer Staples group's stocks.
Coca-Cola is one of 177 individual stocks in the Consumer Staples sector. Collectively, these companies sit at #9 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. KO is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for KO's full-year earnings has moved 0.33% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, KO has gained about 5.84% so far this year. Meanwhile, stocks in the Consumer Staples group have lost about 0.91% on average. This means that Coca-Cola is performing better than its sector in terms of year-to-date returns.
Breaking things down more, KO is a member of the Beverages - Soft drinks industry, which includes 19 individual companies and currently sits at #90 in the Zacks Industry Rank. On average, this group has gained an average of 3.62% so far this year, meaning that KO is performing better in terms of year-to-date returns.
KO will likely be looking to continue its solid performance, so investors interested in Consumer Staples stocks should continue to pay close attention to the company.
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 >>
Get the latest research report on KO - FREE