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 Grocery Outlet (GO) Outperforming Other Consumer Staples Stocks 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. Has Grocery Outlet Holding Corp. (GO - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Grocery Outlet Holding Corp. is one of 184 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 system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Grocery Outlet Holding Corp. is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for GO's full-year earnings has moved 10.5% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, GO has gained about 3.7% so far this year. In comparison, Consumer Staples companies have returned an average of 0.4%. As we can see, Grocery Outlet Holding Corp. is performing better than its sector in the calendar year.
One other Consumer Staples stock that has outperformed the sector so far this year is Service Corp. (SCI - Free Report) . The stock is up 4.2% year-to-date.
Over the past three months, Service Corp.'s consensus EPS estimate for the current year has increased 1.5%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Grocery Outlet Holding Corp. belongs to the Consumer Products - Staples industry, which includes 36 individual stocks and currently sits at #168 in the Zacks Industry Rank. Stocks in this group have lost about 8% so far this year, so GO is performing better this group in terms of year-to-date returns.
Service Corp., however, belongs to the Funeral Services industry. Currently, this 3-stock industry is ranked #3. The industry has moved +3.7% so far this year.
Grocery Outlet Holding Corp. and Service Corp. 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 Grocery Outlet (GO) Outperforming Other Consumer Staples Stocks This Year?
The Consumer Staples group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Grocery Outlet Holding Corp. (GO - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Grocery Outlet Holding Corp. is one of 184 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 system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Grocery Outlet Holding Corp. is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for GO's full-year earnings has moved 10.5% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, GO has gained about 3.7% so far this year. In comparison, Consumer Staples companies have returned an average of 0.4%. As we can see, Grocery Outlet Holding Corp. is performing better than its sector in the calendar year.
One other Consumer Staples stock that has outperformed the sector so far this year is Service Corp. (SCI - Free Report) . The stock is up 4.2% year-to-date.
Over the past three months, Service Corp.'s consensus EPS estimate for the current year has increased 1.5%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Grocery Outlet Holding Corp. belongs to the Consumer Products - Staples industry, which includes 36 individual stocks and currently sits at #168 in the Zacks Industry Rank. Stocks in this group have lost about 8% so far this year, so GO is performing better this group in terms of year-to-date returns.
Service Corp., however, belongs to the Funeral Services industry. Currently, this 3-stock industry is ranked #3. The industry has moved +3.7% so far this year.
Grocery Outlet Holding Corp. and Service Corp. could continue their solid performance, so investors interested in Consumer Staples stocks should continue to pay close attention to these stocks.