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Are Consumer Staples Stocks Lagging Coca-Cola HBC (CCHGY) 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. 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? 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.
Coca-Cola HBC is one of 178 individual stocks in the Consumer Staples sector. Collectively, these companies sit at #13 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. 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 3.6% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, CCHGY has moved about 27% on a year-to-date basis. Meanwhile, stocks in the Consumer Staples group have gained about 14.5% 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 Ryohin Keikaku Co. Ltd. (RYKKY - Free Report) . The stock is up 29.1% year-to-date.
In Ryohin Keikaku Co. Ltd.'s case, the consensus EPS estimate for the current year increased 1.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Coca-Cola HBC belongs to the Beverages - Soft drinks industry, a group that includes 19 individual companies and currently sits at #140 in the Zacks Industry Rank. On average, this group has gained an average of 14.2% so far this year, meaning that CCHGY is performing better in terms of year-to-date returns.
Ryohin Keikaku Co. Ltd., however, belongs to the Consumer Products - Staples industry. Currently, this 35-stock industry is ranked #85. The industry has moved +14.9% so far this year.
Going forward, investors interested in Consumer Staples stocks should continue to pay close attention to Coca-Cola HBC and Ryohin Keikaku Co. Ltd. as they could maintain their solid performance.
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Are Consumer Staples Stocks Lagging Coca-Cola HBC (CCHGY) This Year?
Investors interested in Consumer Staples stocks should always be looking to find the best-performing companies in the group. 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? 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.
Coca-Cola HBC is one of 178 individual stocks in the Consumer Staples sector. Collectively, these companies sit at #13 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. 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 3.6% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, CCHGY has moved about 27% on a year-to-date basis. Meanwhile, stocks in the Consumer Staples group have gained about 14.5% 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 Ryohin Keikaku Co. Ltd. (RYKKY - Free Report) . The stock is up 29.1% year-to-date.
In Ryohin Keikaku Co. Ltd.'s case, the consensus EPS estimate for the current year increased 1.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Coca-Cola HBC belongs to the Beverages - Soft drinks industry, a group that includes 19 individual companies and currently sits at #140 in the Zacks Industry Rank. On average, this group has gained an average of 14.2% so far this year, meaning that CCHGY is performing better in terms of year-to-date returns.
Ryohin Keikaku Co. Ltd., however, belongs to the Consumer Products - Staples industry. Currently, this 35-stock industry is ranked #85. The industry has moved +14.9% so far this year.
Going forward, investors interested in Consumer Staples stocks should continue to pay close attention to Coca-Cola HBC and Ryohin Keikaku Co. Ltd. as they could maintain their solid performance.