We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is Coca-Cola Europacific Partners (CCEP) Outperforming Other Consumer Staples Stocks This Year?
Read MoreHide Full Article
For those looking to find strong Consumer Staples stocks, it is prudent to search for companies in the group that are outperforming their peers. Coca-Cola European (CCEP - 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? 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.
Coca-Cola European is one of 178 companies in the Consumer Staples group. The Consumer Staples group currently sits at #11 within the Zacks Sector Rank. 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 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. Coca-Cola European is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for CCEP's full-year earnings has moved 4.9% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, CCEP has gained about 19.2% so far this year. In comparison, Consumer Staples companies have returned an average of 7.4%. As we can see, Coca-Cola European is performing better than its sector in the calendar year.
Another Consumer Staples stock, which has outperformed the sector so far this year, is BJ's Wholesale Club (BJ - Free Report) . The stock has returned 25% year-to-date.
For BJ's Wholesale Club, the consensus EPS estimate for the current year has increased 1.7% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Coca-Cola European is a member of the Beverages - Soft drinks industry, which includes 16 individual companies and currently sits at #36 in the Zacks Industry Rank. Stocks in this group have gained about 8.3% so far this year, so CCEP is performing better this group in terms of year-to-date returns.
In contrast, BJ's Wholesale Club falls under the Consumer Products - Staples industry. Currently, this industry has 38 stocks and is ranked #144. Since the beginning of the year, the industry has moved +1.8%.
Coca-Cola European and BJ's Wholesale Club could continue their solid performance, so investors interested in Consumer Staples stocks should continue to pay close attention to these stocks.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is Coca-Cola Europacific Partners (CCEP) Outperforming Other Consumer Staples Stocks 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. Coca-Cola European (CCEP - 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? 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.
Coca-Cola European is one of 178 companies in the Consumer Staples group. The Consumer Staples group currently sits at #11 within the Zacks Sector Rank. 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 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. Coca-Cola European is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for CCEP's full-year earnings has moved 4.9% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, CCEP has gained about 19.2% so far this year. In comparison, Consumer Staples companies have returned an average of 7.4%. As we can see, Coca-Cola European is performing better than its sector in the calendar year.
Another Consumer Staples stock, which has outperformed the sector so far this year, is BJ's Wholesale Club (BJ - Free Report) . The stock has returned 25% year-to-date.
For BJ's Wholesale Club, the consensus EPS estimate for the current year has increased 1.7% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Coca-Cola European is a member of the Beverages - Soft drinks industry, which includes 16 individual companies and currently sits at #36 in the Zacks Industry Rank. Stocks in this group have gained about 8.3% so far this year, so CCEP is performing better this group in terms of year-to-date returns.
In contrast, BJ's Wholesale Club falls under the Consumer Products - Staples industry. Currently, this industry has 38 stocks and is ranked #144. Since the beginning of the year, the industry has moved +1.8%.
Coca-Cola European and BJ's Wholesale Club could continue their solid performance, so investors interested in Consumer Staples stocks should continue to pay close attention to these stocks.