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Has Adecoagro (AGRO) Outpaced Other Consumer Staples Stocks This Year?
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Investors interested in Consumer Staples stocks should always be looking to find the best-performing companies in the group. Adecoagro (AGRO - 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.
Adecoagro is one of 194 companies in the Consumer Staples group. The Consumer Staples group currently sits at #14 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. Adecoagro is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for AGRO's full-year earnings has moved 6% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, AGRO has moved about 42.1% on a year-to-date basis. Meanwhile, the Consumer Staples sector has returned an average of 2.6% on a year-to-date basis. This means that Adecoagro is outperforming the sector as a whole this year.
Pilgrim's Pride (PPC - Free Report) is another Consumer Staples stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 21.5%.
For Pilgrim's Pride, the consensus EPS estimate for the current year has increased 19.2% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Adecoagro is a member of the Agriculture - Operations industry, which includes 13 individual companies and currently sits at #106 in the Zacks Industry Rank. This group has gained an average of 37.9% so far this year, so AGRO is performing better in this area.
In contrast, Pilgrim's Pride falls under the Food - Meat Products industry. Currently, this industry has 6 stocks and is ranked #23. Since the beginning of the year, the industry has moved -3.4%.
Going forward, investors interested in Consumer Staples stocks should continue to pay close attention to Adecoagro and Pilgrim's Pride as they could maintain their solid performance.
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Has Adecoagro (AGRO) Outpaced Other Consumer Staples Stocks This Year?
Investors interested in Consumer Staples stocks should always be looking to find the best-performing companies in the group. Adecoagro (AGRO - 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.
Adecoagro is one of 194 companies in the Consumer Staples group. The Consumer Staples group currently sits at #14 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. Adecoagro is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for AGRO's full-year earnings has moved 6% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, AGRO has moved about 42.1% on a year-to-date basis. Meanwhile, the Consumer Staples sector has returned an average of 2.6% on a year-to-date basis. This means that Adecoagro is outperforming the sector as a whole this year.
Pilgrim's Pride (PPC - Free Report) is another Consumer Staples stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 21.5%.
For Pilgrim's Pride, the consensus EPS estimate for the current year has increased 19.2% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Adecoagro is a member of the Agriculture - Operations industry, which includes 13 individual companies and currently sits at #106 in the Zacks Industry Rank. This group has gained an average of 37.9% so far this year, so AGRO is performing better in this area.
In contrast, Pilgrim's Pride falls under the Food - Meat Products industry. Currently, this industry has 6 stocks and is ranked #23. Since the beginning of the year, the industry has moved -3.4%.
Going forward, investors interested in Consumer Staples stocks should continue to pay close attention to Adecoagro and Pilgrim's Pride as they could maintain their solid performance.