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Is Pilgrims Pride (PPC) Stock Outpacing Its Consumer Staples Peers This Year?

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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. Has Pilgrims Pride (PPC - 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.

Pilgrims Pride is a member of the Consumer Staples sector. This group includes 184 individual stocks and currently holds a Zacks Sector Rank of #11. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. PPC is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for PPC's full-year earnings has moved 7.99% 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, PPC has moved about 27.03% on a year-to-date basis. In comparison, Consumer Staples companies have returned an average of -2.27%. This means that Pilgrims Pride is performing better than its sector in terms of year-to-date returns.

Looking more specifically, PPC belongs to the Food - Meat Products industry, a group that includes 6 individual stocks and currently sits at #56 in the Zacks Industry Rank. Stocks in this group have gained about 10.04% so far this year, so PPC is performing better this group in terms of year-to-date returns.

Going forward, investors interested in Consumer Staples stocks should continue to pay close attention to PPC as it looks to continue its solid performance.


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