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Are Consumer Staples Stocks Lagging Vita Coco Company (COCO) 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. Is Vita Coco Company, Inc. (COCO - Free Report) one of those stocks right now? 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.
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).
Within the past quarter, the Zacks Consensus Estimate for COCO's full-year earnings has moved 6.4% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, COCO has returned 44.7% so far this year. Meanwhile, stocks in the Consumer Staples group have lost about 0.6% on average. This shows that Vita Coco Company, Inc. is outperforming its peers so far this year.
One other Consumer Staples stock that has outperformed the sector so far this year is JAPAN TOB (JAPAY - Free Report) . The stock is up 42.9% year-to-date.
For JAPAN TOB, the consensus EPS estimate for the current year has increased 14.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Vita Coco Company, Inc. belongs to the Beverages - Soft drinks industry, which includes 18 individual stocks and currently sits at #157 in the Zacks Industry Rank. This group has gained an average of 9% so far this year, so COCO is performing better in this area.
On the other hand, JAPAN TOB belongs to the Tobacco industry. This 8-stock industry is currently ranked #32. The industry has moved +34.3% year to date.
Vita Coco Company, Inc. and JAPAN TOB could continue their solid performance, so investors interested in Consumer Staples stocks should continue to pay close attention to these stocks.
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Are Consumer Staples Stocks Lagging Vita Coco Company (COCO) 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? 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.
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).
Within the past quarter, the Zacks Consensus Estimate for COCO's full-year earnings has moved 6.4% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, COCO has returned 44.7% so far this year. Meanwhile, stocks in the Consumer Staples group have lost about 0.6% on average. This shows that Vita Coco Company, Inc. is outperforming its peers so far this year.
One other Consumer Staples stock that has outperformed the sector so far this year is JAPAN TOB (JAPAY - Free Report) . The stock is up 42.9% year-to-date.
For JAPAN TOB, the consensus EPS estimate for the current year has increased 14.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Vita Coco Company, Inc. belongs to the Beverages - Soft drinks industry, which includes 18 individual stocks and currently sits at #157 in the Zacks Industry Rank. This group has gained an average of 9% so far this year, so COCO is performing better in this area.
On the other hand, JAPAN TOB belongs to the Tobacco industry. This 8-stock industry is currently ranked #32. The industry has moved +34.3% year to date.
Vita Coco Company, Inc. and JAPAN TOB could continue their solid performance, so investors interested in Consumer Staples stocks should continue to pay close attention to these stocks.