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Is Freshpet (FRPT) Outperforming Other Consumer Staples Stocks This Year?
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The Consumer Staples group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Freshpet (FRPT - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Freshpet is a member of the Consumer Staples sector. This group includes 191 individual stocks and currently holds a Zacks Sector Rank of #14. 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 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. Freshpet is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for FRPT's full-year earnings has moved 140.5% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that FRPT has returned about 33.1% since the start of the calendar year. Meanwhile, the Consumer Staples sector has returned an average of 2.3% on a year-to-date basis. This shows that Freshpet is outperforming its peers so far this year.
Another Consumer Staples stock, which has outperformed the sector so far this year, is Post Holdings (POST - Free Report) . The stock has returned 18.9% year-to-date.
Over the past three months, Post Holdings' consensus EPS estimate for the current year has increased 13.2%. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Freshpet is a member of the Food - Miscellaneous industry, which includes 45 individual companies and currently sits at #70 in the Zacks Industry Rank. On average, this group has gained an average of 5% so far this year, meaning that FRPT is performing better in terms of year-to-date returns. Post Holdings is also part of the same industry.
Freshpet and Post Holdings could continue their solid performance, so investors interested in Consumer Staples stocks should continue to pay close attention to these stocks.
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Is Freshpet (FRPT) Outperforming Other Consumer Staples Stocks This Year?
The Consumer Staples group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Freshpet (FRPT - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Freshpet is a member of the Consumer Staples sector. This group includes 191 individual stocks and currently holds a Zacks Sector Rank of #14. 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 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. Freshpet is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for FRPT's full-year earnings has moved 140.5% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that FRPT has returned about 33.1% since the start of the calendar year. Meanwhile, the Consumer Staples sector has returned an average of 2.3% on a year-to-date basis. This shows that Freshpet is outperforming its peers so far this year.
Another Consumer Staples stock, which has outperformed the sector so far this year, is Post Holdings (POST - Free Report) . The stock has returned 18.9% year-to-date.
Over the past three months, Post Holdings' consensus EPS estimate for the current year has increased 13.2%. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Freshpet is a member of the Food - Miscellaneous industry, which includes 45 individual companies and currently sits at #70 in the Zacks Industry Rank. On average, this group has gained an average of 5% so far this year, meaning that FRPT is performing better in terms of year-to-date returns. Post Holdings is also part of the same industry.
Freshpet and Post Holdings could continue their solid performance, so investors interested in Consumer Staples stocks should continue to pay close attention to these stocks.