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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. Vita Coco Company, Inc. (COCO - 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? 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 our Consumer Staples group, which includes 185 different companies and currently sits at #15 in 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 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 three months, the Zacks Consensus Estimate for COCO's full-year earnings has moved 11.4% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that COCO has returned about 34.4% since the start of the calendar year. At the same time, Consumer Staples stocks have gained an average of 7.4%. As we can see, Vita Coco Company, Inc. is performing better than its sector in the calendar year.
John Wiley & Sons (WLY - Free Report) is another Consumer Staples stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 64.6%.
For John Wiley & Sons, the consensus EPS estimate for the current year has increased 1.1% 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, a group that includes 20 individual stocks and currently sits at #98 in the Zacks Industry Rank. On average, stocks in this group have gained 11.7% this year, meaning that COCO is performing better in terms of year-to-date returns.
In contrast, John Wiley & Sons falls under the Publishing - Books industry. Currently, this industry has 2 stocks and is ranked #109. Since the beginning of the year, the industry has moved +61.8%.
Going forward, investors interested in Consumer Staples stocks should continue to pay close attention to Vita Coco Company, Inc. and John Wiley & Sons as they could maintain 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. Vita Coco Company, Inc. (COCO - 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? 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 our Consumer Staples group, which includes 185 different companies and currently sits at #15 in 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 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 three months, the Zacks Consensus Estimate for COCO's full-year earnings has moved 11.4% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that COCO has returned about 34.4% since the start of the calendar year. At the same time, Consumer Staples stocks have gained an average of 7.4%. As we can see, Vita Coco Company, Inc. is performing better than its sector in the calendar year.
John Wiley & Sons (WLY - Free Report) is another Consumer Staples stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 64.6%.
For John Wiley & Sons, the consensus EPS estimate for the current year has increased 1.1% 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, a group that includes 20 individual stocks and currently sits at #98 in the Zacks Industry Rank. On average, stocks in this group have gained 11.7% this year, meaning that COCO is performing better in terms of year-to-date returns.
In contrast, John Wiley & Sons falls under the Publishing - Books industry. Currently, this industry has 2 stocks and is ranked #109. Since the beginning of the year, the industry has moved +61.8%.
Going forward, investors interested in Consumer Staples stocks should continue to pay close attention to Vita Coco Company, Inc. and John Wiley & Sons as they could maintain their solid performance.