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Is Coca-Cola HBC (CCHGY) Stock Outpacing Its Consumer Staples Peers 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. Is Coca-Cola HBC (CCHGY - Free Report) one of those stocks right now? 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 a member of our Consumer Staples group, which includes 179 different companies and currently sits at #14 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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).
Within the past quarter, the Zacks Consensus Estimate for CCHGY's full-year earnings has moved 3.6% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, CCHGY has returned 8.7% so far this year. Meanwhile, the Consumer Staples sector has returned an average of 2.1% on a year-to-date basis. This shows that Coca-Cola HBC is outperforming its peers so far this year.
Another Consumer Staples stock, which has outperformed the sector so far this year, is Hershey (HSY - Free Report) . The stock has returned 17.5% year-to-date.
Over the past three months, Hershey's consensus EPS estimate for the current year has increased 21%. 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 #99 in the Zacks Industry Rank. This group has gained an average of 4.1% so far this year, so CCHGY is performing better in this area.
In contrast, Hershey falls under the Food - Confectionery industry. Currently, this industry has 2 stocks and is ranked #99. Since the beginning of the year, the industry has moved +15.5%.
Investors interested in the Consumer Staples sector may want to keep a close eye on Coca-Cola HBC and Hershey as they attempt to continue their solid performance.
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Is Coca-Cola HBC (CCHGY) Stock Outpacing Its Consumer Staples Peers This Year?
Investors interested in Consumer Staples stocks should always be looking to find the best-performing companies in the group. Is Coca-Cola HBC (CCHGY - Free Report) one of those stocks right now? 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 a member of our Consumer Staples group, which includes 179 different companies and currently sits at #14 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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).
Within the past quarter, the Zacks Consensus Estimate for CCHGY's full-year earnings has moved 3.6% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, CCHGY has returned 8.7% so far this year. Meanwhile, the Consumer Staples sector has returned an average of 2.1% on a year-to-date basis. This shows that Coca-Cola HBC is outperforming its peers so far this year.
Another Consumer Staples stock, which has outperformed the sector so far this year, is Hershey (HSY - Free Report) . The stock has returned 17.5% year-to-date.
Over the past three months, Hershey's consensus EPS estimate for the current year has increased 21%. 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 #99 in the Zacks Industry Rank. This group has gained an average of 4.1% so far this year, so CCHGY is performing better in this area.
In contrast, Hershey falls under the Food - Confectionery industry. Currently, this industry has 2 stocks and is ranked #99. Since the beginning of the year, the industry has moved +15.5%.
Investors interested in the Consumer Staples sector may want to keep a close eye on Coca-Cola HBC and Hershey as they attempt to continue their solid performance.