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Is Lancaster Colony (LANC) 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 Lancaster Colony (LANC - Free Report) been one of those stocks this year? 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.
Lancaster Colony is a member of our Consumer Staples group, which includes 193 different companies and currently sits at #14 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Lancaster Colony is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for LANC's full-year earnings has moved 1.1% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, LANC has moved about 21.1% on a year-to-date basis. In comparison, Consumer Staples companies have returned an average of 1.4%. As we can see, Lancaster Colony is performing better than its sector in the calendar year.
One other Consumer Staples stock that has outperformed the sector so far this year is Nomad Foods (NOMD - Free Report) . The stock is up 9.7% year-to-date.
The consensus estimate for Nomad Foods' current year EPS has increased 1.1% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Lancaster Colony belongs to the Food - Miscellaneous industry, a group that includes 45 individual stocks and currently sits at #165 in the Zacks Industry Rank. On average, stocks in this group have gained 2.3% this year, meaning that LANC is performing better in terms of year-to-date returns. Nomad Foods is also part of the same industry.
Investors with an interest in Consumer Staples stocks should continue to track Lancaster Colony and Nomad Foods. These stocks will be looking to continue their solid performance.
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Is Lancaster Colony (LANC) 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. Has Lancaster Colony (LANC - Free Report) been one of those stocks this year? 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.
Lancaster Colony is a member of our Consumer Staples group, which includes 193 different companies and currently sits at #14 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Lancaster Colony is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for LANC's full-year earnings has moved 1.1% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, LANC has moved about 21.1% on a year-to-date basis. In comparison, Consumer Staples companies have returned an average of 1.4%. As we can see, Lancaster Colony is performing better than its sector in the calendar year.
One other Consumer Staples stock that has outperformed the sector so far this year is Nomad Foods (NOMD - Free Report) . The stock is up 9.7% year-to-date.
The consensus estimate for Nomad Foods' current year EPS has increased 1.1% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Lancaster Colony belongs to the Food - Miscellaneous industry, a group that includes 45 individual stocks and currently sits at #165 in the Zacks Industry Rank. On average, stocks in this group have gained 2.3% this year, meaning that LANC is performing better in terms of year-to-date returns. Nomad Foods is also part of the same industry.
Investors with an interest in Consumer Staples stocks should continue to track Lancaster Colony and Nomad Foods. These stocks will be looking to continue their solid performance.