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Is Vita Coco Company (COCO) Stock Outpacing Its Consumer Staples Peers 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 Vita Coco Company, Inc. (COCO - 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.
Vita Coco Company, Inc. is a member of the Consumer Staples sector. This group includes 173 individual stocks and currently holds a Zacks Sector Rank of #15. 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 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 #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for COCO's full-year earnings has moved 3.2% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, COCO has returned 26.3% so far this year. Meanwhile, the Consumer Staples sector has returned an average of 3.7% on a year-to-date basis. This means that Vita Coco Company, Inc. is performing better than its sector in terms of year-to-date returns.
One other Consumer Staples stock that has outperformed the sector so far this year is Scholastic (SCHL - Free Report) . The stock is up 35.8% year-to-date.
For Scholastic, the consensus EPS estimate for the current year has increased 26.9% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Vita Coco Company, Inc. is a member of the Beverages - Soft drinks industry, which includes 18 individual companies and currently sits at #172 in the Zacks Industry Rank. Stocks in this group have gained about 8.3% so far this year, so COCO is performing better this group in terms of year-to-date returns.
On the other hand, Scholastic belongs to the Publishing - Books industry. This 2-stock industry is currently ranked #3. The industry has moved +33.2% year to date.
Investors interested in the Consumer Staples sector may want to keep a close eye on Vita Coco Company, Inc. and Scholastic as they attempt to continue their solid performance.
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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. Has Vita Coco Company, Inc. (COCO - 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.
Vita Coco Company, Inc. is a member of the Consumer Staples sector. This group includes 173 individual stocks and currently holds a Zacks Sector Rank of #15. 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 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 #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for COCO's full-year earnings has moved 3.2% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, COCO has returned 26.3% so far this year. Meanwhile, the Consumer Staples sector has returned an average of 3.7% on a year-to-date basis. This means that Vita Coco Company, Inc. is performing better than its sector in terms of year-to-date returns.
One other Consumer Staples stock that has outperformed the sector so far this year is Scholastic (SCHL - Free Report) . The stock is up 35.8% year-to-date.
For Scholastic, the consensus EPS estimate for the current year has increased 26.9% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Vita Coco Company, Inc. is a member of the Beverages - Soft drinks industry, which includes 18 individual companies and currently sits at #172 in the Zacks Industry Rank. Stocks in this group have gained about 8.3% so far this year, so COCO is performing better this group in terms of year-to-date returns.
On the other hand, Scholastic belongs to the Publishing - Books industry. This 2-stock industry is currently ranked #3. The industry has moved +33.2% year to date.
Investors interested in the Consumer Staples sector may want to keep a close eye on Vita Coco Company, Inc. and Scholastic as they attempt to continue their solid performance.