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Has Carlsberg (CABGY) 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. Carlsberg AS (CABGY - 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.
Carlsberg AS is one of 178 individual stocks in the Consumer Staples sector. Collectively, these companies sit at #13 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Carlsberg AS is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for CABGY's full-year earnings has moved 7.4% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, CABGY has moved about 52.9% on a year-to-date basis. At the same time, Consumer Staples stocks have gained an average of 6.7%. As we can see, Carlsberg AS is performing better than its sector in the calendar year.
Coca-Cola (KO - 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 14.6%.
In Coca-Cola's case, the consensus EPS estimate for the current year increased 0.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Carlsberg AS belongs to the Beverages - Alcohol industry, a group that includes 17 individual companies and currently sits at #71 in the Zacks Industry Rank. This group has gained an average of 8.7% so far this year, so CABGY is performing better in this area.
Coca-Cola, however, belongs to the Beverages - Soft drinks industry. Currently, this 16-stock industry is ranked #53. The industry has moved +7.5% so far this year.
Investors with an interest in Consumer Staples stocks should continue to track Carlsberg AS and Coca-Cola. These stocks will be looking to continue their solid performance.
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Has Carlsberg (CABGY) 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. Carlsberg AS (CABGY - 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.
Carlsberg AS is one of 178 individual stocks in the Consumer Staples sector. Collectively, these companies sit at #13 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Carlsberg AS is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for CABGY's full-year earnings has moved 7.4% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, CABGY has moved about 52.9% on a year-to-date basis. At the same time, Consumer Staples stocks have gained an average of 6.7%. As we can see, Carlsberg AS is performing better than its sector in the calendar year.
Coca-Cola (KO - 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 14.6%.
In Coca-Cola's case, the consensus EPS estimate for the current year increased 0.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Carlsberg AS belongs to the Beverages - Alcohol industry, a group that includes 17 individual companies and currently sits at #71 in the Zacks Industry Rank. This group has gained an average of 8.7% so far this year, so CABGY is performing better in this area.
Coca-Cola, however, belongs to the Beverages - Soft drinks industry. Currently, this 16-stock industry is ranked #53. The industry has moved +7.5% so far this year.
Investors with an interest in Consumer Staples stocks should continue to track Carlsberg AS and Coca-Cola. These stocks will be looking to continue their solid performance.