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Are Consumer Staples Stocks Lagging Ollie's Bargain Outlet (OLLI) 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. Ollie's Bargain Outlet (OLLI - 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? By taking a look at the stock's year-to-date performance in comparison to its Consumer Staples peers, we might be able to answer that question.
Ollie's Bargain Outlet is one of 178 companies in the Consumer Staples group. The Consumer Staples group currently sits at #16 within 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 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. Ollie's Bargain Outlet is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for OLLI's full-year earnings has moved 2.5% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, OLLI has returned 20.7% so far this year. At the same time, Consumer Staples stocks have gained an average of 2.2%. This means that Ollie's Bargain Outlet is outperforming the sector as a whole this year.
Another stock in the Consumer Staples sector, Unilever PLC (UL - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 4.6%.
The consensus estimate for Unilever PLC's current year EPS has increased 3.7% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Ollie's Bargain Outlet belongs to the Consumer Products - Staples industry, a group that includes 36 individual companies and currently sits at #177 in the Zacks Industry Rank. On average, this group has lost an average of 8.3% so far this year, meaning that OLLI is performing better in terms of year-to-date returns. Unilever PLC is also part of the same industry.
Going forward, investors interested in Consumer Staples stocks should continue to pay close attention to Ollie's Bargain Outlet and Unilever PLC as they could maintain their solid performance.
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Are Consumer Staples Stocks Lagging Ollie's Bargain Outlet (OLLI) This Year?
Investors interested in Consumer Staples stocks should always be looking to find the best-performing companies in the group. Ollie's Bargain Outlet (OLLI - 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? By taking a look at the stock's year-to-date performance in comparison to its Consumer Staples peers, we might be able to answer that question.
Ollie's Bargain Outlet is one of 178 companies in the Consumer Staples group. The Consumer Staples group currently sits at #16 within 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 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. Ollie's Bargain Outlet is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for OLLI's full-year earnings has moved 2.5% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, OLLI has returned 20.7% so far this year. At the same time, Consumer Staples stocks have gained an average of 2.2%. This means that Ollie's Bargain Outlet is outperforming the sector as a whole this year.
Another stock in the Consumer Staples sector, Unilever PLC (UL - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 4.6%.
The consensus estimate for Unilever PLC's current year EPS has increased 3.7% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Ollie's Bargain Outlet belongs to the Consumer Products - Staples industry, a group that includes 36 individual companies and currently sits at #177 in the Zacks Industry Rank. On average, this group has lost an average of 8.3% so far this year, meaning that OLLI is performing better in terms of year-to-date returns. Unilever PLC is also part of the same industry.
Going forward, investors interested in Consumer Staples stocks should continue to pay close attention to Ollie's Bargain Outlet and Unilever PLC as they could maintain their solid performance.