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Are Consumer Staples Stocks Lagging Vita Coco Company (COCO) This Year?
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The Consumer Staples group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Vita Coco Company, Inc. (COCO - 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.
Vita Coco Company, Inc. is one of 185 companies in the Consumer Staples group. The Consumer Staples group currently sits at #16 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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 #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for COCO's full-year earnings has moved 19% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, COCO has moved about 24.5% on a year-to-date basis. In comparison, Consumer Staples companies have returned an average of 8.6%. This means that Vita Coco Company, Inc. is performing better than its sector in terms of year-to-date returns.
Corteva, Inc. (CTVA - 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 33.2%.
The consensus estimate for Corteva, Inc.'s current year EPS has increased 3.7% 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 #63 in the Zacks Industry Rank. On average, this group has gained an average of 10.6% so far this year, meaning that COCO is performing better in terms of year-to-date returns.
Corteva, Inc., however, belongs to the Agriculture - Operations industry. Currently, this 11-stock industry is ranked #95. The industry has moved +31.9% so far this year.
Investors with an interest in Consumer Staples stocks should continue to track Vita Coco Company, Inc. and Corteva, Inc.. These stocks will be looking to continue their solid performance.
View the Zacks #1 Rank List
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Are Consumer Staples Stocks Lagging Vita Coco Company (COCO) This Year?
The Consumer Staples group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Vita Coco Company, Inc. (COCO - 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.
Vita Coco Company, Inc. is one of 185 companies in the Consumer Staples group. The Consumer Staples group currently sits at #16 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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 #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for COCO's full-year earnings has moved 19% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, COCO has moved about 24.5% on a year-to-date basis. In comparison, Consumer Staples companies have returned an average of 8.6%. This means that Vita Coco Company, Inc. is performing better than its sector in terms of year-to-date returns.
Corteva, Inc. (CTVA - 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 33.2%.
The consensus estimate for Corteva, Inc.'s current year EPS has increased 3.7% 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 #63 in the Zacks Industry Rank. On average, this group has gained an average of 10.6% so far this year, meaning that COCO is performing better in terms of year-to-date returns.
Corteva, Inc., however, belongs to the Agriculture - Operations industry. Currently, this 11-stock industry is ranked #95. The industry has moved +31.9% so far this year.
Investors with an interest in Consumer Staples stocks should continue to track Vita Coco Company, Inc. and Corteva, Inc.. These stocks will be looking to continue their solid performance.