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 Vita Coco Company (COCO) Stock Outpacing Its Consumer Staples Peers This Year?
Read MoreHide Full Article
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 Vita Coco Company, Inc. (COCO - 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.
Vita Coco Company, Inc. is one of 185 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 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. Vita Coco Company, Inc. is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for COCO's full-year earnings has moved 6.4% 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, COCO has returned 45.7% so far this year. Meanwhile, the Consumer Staples sector has returned an average of -1.1% on a year-to-date basis. This means that Vita Coco Company, Inc. is outperforming the sector as a whole this year.
Ollie's Bargain Outlet (OLLI - 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 7.8%.
Over the past three months, Ollie's Bargain Outlet's consensus EPS estimate for the current year has increased 0.1%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Vita Coco Company, Inc. belongs to the Beverages - Soft drinks industry, a group that includes 18 individual stocks and currently sits at #161 in the Zacks Industry Rank. Stocks in this group have gained about 8.1% so far this year, so COCO is performing better this group in terms of year-to-date returns.
In contrast, Ollie's Bargain Outlet falls under the Consumer Products - Staples industry. Currently, this industry has 37 stocks and is ranked #182. Since the beginning of the year, the industry has moved -13.6%.
Investors interested in the Consumer Staples sector may want to keep a close eye on Vita Coco Company, Inc. and Ollie's Bargain Outlet as they attempt to continue their solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is Vita Coco Company (COCO) Stock Outpacing Its Consumer Staples Peers 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 Vita Coco Company, Inc. (COCO - 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.
Vita Coco Company, Inc. is one of 185 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 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. Vita Coco Company, Inc. is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for COCO's full-year earnings has moved 6.4% 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, COCO has returned 45.7% so far this year. Meanwhile, the Consumer Staples sector has returned an average of -1.1% on a year-to-date basis. This means that Vita Coco Company, Inc. is outperforming the sector as a whole this year.
Ollie's Bargain Outlet (OLLI - 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 7.8%.
Over the past three months, Ollie's Bargain Outlet's consensus EPS estimate for the current year has increased 0.1%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Vita Coco Company, Inc. belongs to the Beverages - Soft drinks industry, a group that includes 18 individual stocks and currently sits at #161 in the Zacks Industry Rank. Stocks in this group have gained about 8.1% so far this year, so COCO is performing better this group in terms of year-to-date returns.
In contrast, Ollie's Bargain Outlet falls under the Consumer Products - Staples industry. Currently, this industry has 37 stocks and is ranked #182. Since the beginning of the year, the industry has moved -13.6%.
Investors interested in the Consumer Staples sector may want to keep a close eye on Vita Coco Company, Inc. and Ollie's Bargain Outlet as they attempt to continue their solid performance.