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Are Consumer Staples Stocks Lagging Coca-Cola HBC (CCHGY) 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. Coca-Cola HBC (CCHGY - 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.
Coca-Cola HBC is a member of our Consumer Staples group, which includes 183 different companies and currently sits at #15 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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 90 days, the Zacks Consensus Estimate for CCHGY's full-year earnings has moved 3% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that CCHGY has returned about 34.1% since the start of the calendar year. Meanwhile, stocks in the Consumer Staples group have lost about 3.2% on average. This shows that Coca-Cola HBC is outperforming its peers so far this year.
One other Consumer Staples stock that has outperformed the sector so far this year is Danone (DANOY - Free Report) . The stock is up 31.8% year-to-date.
In Danone's case, the consensus EPS estimate for the current year increased 1.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Coca-Cola HBC is a member of the Beverages - Soft drinks industry, which includes 18 individual companies and currently sits at #145 in the Zacks Industry Rank. On average, this group has gained an average of 3.3% so far this year, meaning that CCHGY is performing better in terms of year-to-date returns.
On the other hand, Danone belongs to the Food - Miscellaneous industry. This 42-stock industry is currently ranked #167. The industry has moved -13.7% year to date.
Investors interested in the Consumer Staples sector may want to keep a close eye on Coca-Cola HBC and Danone as they attempt to continue their solid performance.
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Are Consumer Staples Stocks Lagging Coca-Cola HBC (CCHGY) 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. Coca-Cola HBC (CCHGY - 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.
Coca-Cola HBC is a member of our Consumer Staples group, which includes 183 different companies and currently sits at #15 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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 90 days, the Zacks Consensus Estimate for CCHGY's full-year earnings has moved 3% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that CCHGY has returned about 34.1% since the start of the calendar year. Meanwhile, stocks in the Consumer Staples group have lost about 3.2% on average. This shows that Coca-Cola HBC is outperforming its peers so far this year.
One other Consumer Staples stock that has outperformed the sector so far this year is Danone (DANOY - Free Report) . The stock is up 31.8% year-to-date.
In Danone's case, the consensus EPS estimate for the current year increased 1.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Coca-Cola HBC is a member of the Beverages - Soft drinks industry, which includes 18 individual companies and currently sits at #145 in the Zacks Industry Rank. On average, this group has gained an average of 3.3% so far this year, meaning that CCHGY is performing better in terms of year-to-date returns.
On the other hand, Danone belongs to the Food - Miscellaneous industry. This 42-stock industry is currently ranked #167. The industry has moved -13.7% year to date.
Investors interested in the Consumer Staples sector may want to keep a close eye on Coca-Cola HBC and Danone as they attempt to continue their solid performance.