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.
Are Consumer Staples Stocks Lagging Coca-Cola HBC (CCHGY) This Year?
Read MoreHide Full Article
The Consumer Staples group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Coca-Cola HBC (CCHGY - Free Report) one of those stocks right now? 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 HBC is one of 180 individual stocks in the Consumer Staples sector. Collectively, these companies sit at #16 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. Coca-Cola HBC is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for CCHGY's full-year earnings has moved 11.6% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, CCHGY has gained about 49.1% so far this year. In comparison, Consumer Staples companies have returned an average of 3.2%. This shows that Coca-Cola HBC is outperforming its peers so far this year.
Chefs' Warehouse (CHEF - 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 31.5%.
Over the past three months, Chefs' Warehouse's consensus EPS estimate for the current year has increased 8%. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Coca-Cola HBC is a member of the Beverages - Soft drinks industry, which includes 17 individual companies and currently sits at #201 in the Zacks Industry Rank. This group has gained an average of 2.3% so far this year, so CCHGY is performing better in this area.
On the other hand, Chefs' Warehouse belongs to the Food - Miscellaneous industry. This 42-stock industry is currently ranked #169. The industry has moved -6.3% year to date.
Going forward, investors interested in Consumer Staples stocks should continue to pay close attention to Coca-Cola HBC and Chefs' Warehouse as they could maintain their solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Are Consumer Staples Stocks Lagging Coca-Cola HBC (CCHGY) This Year?
The Consumer Staples group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Coca-Cola HBC (CCHGY - Free Report) one of those stocks right now? 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 HBC is one of 180 individual stocks in the Consumer Staples sector. Collectively, these companies sit at #16 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. Coca-Cola HBC is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for CCHGY's full-year earnings has moved 11.6% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, CCHGY has gained about 49.1% so far this year. In comparison, Consumer Staples companies have returned an average of 3.2%. This shows that Coca-Cola HBC is outperforming its peers so far this year.
Chefs' Warehouse (CHEF - 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 31.5%.
Over the past three months, Chefs' Warehouse's consensus EPS estimate for the current year has increased 8%. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Coca-Cola HBC is a member of the Beverages - Soft drinks industry, which includes 17 individual companies and currently sits at #201 in the Zacks Industry Rank. This group has gained an average of 2.3% so far this year, so CCHGY is performing better in this area.
On the other hand, Chefs' Warehouse belongs to the Food - Miscellaneous industry. This 42-stock industry is currently ranked #169. The industry has moved -6.3% year to date.
Going forward, investors interested in Consumer Staples stocks should continue to pay close attention to Coca-Cola HBC and Chefs' Warehouse as they could maintain their solid performance.