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Are Consumer Staples Stocks Lagging Carlsberg (CABGY) 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. Is Carlsberg AS (CABGY - Free Report) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Carlsberg AS is a member of the Consumer Staples sector. This group includes 178 individual stocks and currently holds a Zacks Sector Rank of #11. 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 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. Carlsberg AS is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for CABGY's full-year earnings has moved 1.7% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that CABGY has returned about 35.8% since the start of the calendar year. At the same time, Consumer Staples stocks have gained an average of 4.5%. This means that Carlsberg AS is outperforming the sector as a whole this year.
Another stock in the Consumer Staples sector, Coca-Cola FEMSA (KOF - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 6.8%.
Over the past three months, Coca-Cola FEMSA's consensus EPS estimate for the current year has increased 3.4%. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Carlsberg AS belongs to the Beverages - Alcohol industry, a group that includes 15 individual companies and currently sits at #150 in the Zacks Industry Rank. On average, this group has gained an average of 2.4% so far this year, meaning that CABGY is performing better in terms of year-to-date returns.
On the other hand, Coca-Cola FEMSA belongs to the Beverages - Soft drinks industry. This 17-stock industry is currently ranked #23. The industry has moved +5.3% year to date.
Going forward, investors interested in Consumer Staples stocks should continue to pay close attention to Carlsberg AS and Coca-Cola FEMSA as they could maintain their solid performance.
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Are Consumer Staples Stocks Lagging Carlsberg (CABGY) 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. Is Carlsberg AS (CABGY - Free Report) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Carlsberg AS is a member of the Consumer Staples sector. This group includes 178 individual stocks and currently holds a Zacks Sector Rank of #11. 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 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. Carlsberg AS is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for CABGY's full-year earnings has moved 1.7% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that CABGY has returned about 35.8% since the start of the calendar year. At the same time, Consumer Staples stocks have gained an average of 4.5%. This means that Carlsberg AS is outperforming the sector as a whole this year.
Another stock in the Consumer Staples sector, Coca-Cola FEMSA (KOF - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 6.8%.
Over the past three months, Coca-Cola FEMSA's consensus EPS estimate for the current year has increased 3.4%. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Carlsberg AS belongs to the Beverages - Alcohol industry, a group that includes 15 individual companies and currently sits at #150 in the Zacks Industry Rank. On average, this group has gained an average of 2.4% so far this year, meaning that CABGY is performing better in terms of year-to-date returns.
On the other hand, Coca-Cola FEMSA belongs to the Beverages - Soft drinks industry. This 17-stock industry is currently ranked #23. The industry has moved +5.3% year to date.
Going forward, investors interested in Consumer Staples stocks should continue to pay close attention to Carlsberg AS and Coca-Cola FEMSA as they could maintain their solid performance.