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Is Albertsons Companies, Inc. (ACI) 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. Is Albertsons Companies, Inc. (ACI - Free Report) one of those stocks right now? 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.
Albertsons Companies, Inc. is a member of our Consumer Staples group, which includes 191 different companies and currently sits at #11 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. Albertsons Companies, Inc. is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for ACI's full-year earnings has moved 13.2% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, ACI has returned 103.9% so far this year. Meanwhile, stocks in the Consumer Staples group have gained about 3.1% on average. This means that Albertsons Companies, Inc. is outperforming the sector as a whole this year.
Another stock in the Consumer Staples sector, Coty (COTY - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 42.9%.
The consensus estimate for Coty's current year EPS has increased 56.9% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Albertsons Companies, Inc. is a member of the Consumer Products - Staples industry, which includes 27 individual companies and currently sits at #242 in the Zacks Industry Rank. On average, stocks in this group have lost 4.3% this year, meaning that ACI is performing better in terms of year-to-date returns.
Coty, however, belongs to the Cosmetics industry. Currently, this 13-stock industry is ranked #108. The industry has moved +0.1% so far this year.
Investors with an interest in Consumer Staples stocks should continue to track Albertsons Companies, Inc. and Coty. These stocks will be looking to continue their solid performance.
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Is Albertsons Companies, Inc. (ACI) Stock Outpacing Its Consumer Staples Peers This Year?
For those looking to find strong Consumer Staples stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Albertsons Companies, Inc. (ACI - Free Report) one of those stocks right now? 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.
Albertsons Companies, Inc. is a member of our Consumer Staples group, which includes 191 different companies and currently sits at #11 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. Albertsons Companies, Inc. is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for ACI's full-year earnings has moved 13.2% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, ACI has returned 103.9% so far this year. Meanwhile, stocks in the Consumer Staples group have gained about 3.1% on average. This means that Albertsons Companies, Inc. is outperforming the sector as a whole this year.
Another stock in the Consumer Staples sector, Coty (COTY - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 42.9%.
The consensus estimate for Coty's current year EPS has increased 56.9% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Albertsons Companies, Inc. is a member of the Consumer Products - Staples industry, which includes 27 individual companies and currently sits at #242 in the Zacks Industry Rank. On average, stocks in this group have lost 4.3% this year, meaning that ACI is performing better in terms of year-to-date returns.
Coty, however, belongs to the Cosmetics industry. Currently, this 13-stock industry is ranked #108. The industry has moved +0.1% so far this year.
Investors with an interest in Consumer Staples stocks should continue to track Albertsons Companies, Inc. and Coty. These stocks will be looking to continue their solid performance.