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Is Coca-Cola HBC (CCHGY) Outperforming Other Consumer Staples Stocks 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. Has Coca-Cola HBC (CCHGY - Free Report) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Staples sector should help us answer this question.
Coca-Cola HBC is one of 179 companies in the Consumer Staples group. The Consumer Staples group currently sits at #14 within 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 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. Coca-Cola HBC is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for CCHGY's full-year earnings has moved 3.6% 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, CCHGY has gained about 15.5% so far this year. At the same time, Consumer Staples stocks have gained an average of 5.8%. This means that Coca-Cola HBC is performing better than its sector in terms of year-to-date returns.
Another Consumer Staples stock, which has outperformed the sector so far this year, is Hershey (HSY - Free Report) . The stock has returned 18.4% year-to-date.
In Hershey's case, the consensus EPS estimate for the current year increased 22.5% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Coca-Cola HBC belongs to the Beverages - Soft drinks industry, which includes 19 individual stocks and currently sits at #149 in the Zacks Industry Rank. This group has gained an average of 8.3% so far this year, so CCHGY is performing better in this area.
On the other hand, Hershey belongs to the Food - Confectionery industry. This 2-stock industry is currently ranked #25. The industry has moved +16.2% year to date.
Going forward, investors interested in Consumer Staples stocks should continue to pay close attention to Coca-Cola HBC and Hershey as they could maintain their solid performance.
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Is Coca-Cola HBC (CCHGY) Outperforming Other Consumer Staples Stocks 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. Has Coca-Cola HBC (CCHGY - Free Report) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Staples sector should help us answer this question.
Coca-Cola HBC is one of 179 companies in the Consumer Staples group. The Consumer Staples group currently sits at #14 within 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 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. Coca-Cola HBC is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for CCHGY's full-year earnings has moved 3.6% 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, CCHGY has gained about 15.5% so far this year. At the same time, Consumer Staples stocks have gained an average of 5.8%. This means that Coca-Cola HBC is performing better than its sector in terms of year-to-date returns.
Another Consumer Staples stock, which has outperformed the sector so far this year, is Hershey (HSY - Free Report) . The stock has returned 18.4% year-to-date.
In Hershey's case, the consensus EPS estimate for the current year increased 22.5% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Coca-Cola HBC belongs to the Beverages - Soft drinks industry, which includes 19 individual stocks and currently sits at #149 in the Zacks Industry Rank. This group has gained an average of 8.3% so far this year, so CCHGY is performing better in this area.
On the other hand, Hershey belongs to the Food - Confectionery industry. This 2-stock industry is currently ranked #25. The industry has moved +16.2% year to date.
Going forward, investors interested in Consumer Staples stocks should continue to pay close attention to Coca-Cola HBC and Hershey as they could maintain their solid performance.