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Is Laird Superfood (LSF) 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 Laird Superfood, Inc. (LSF - 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.
Laird Superfood, Inc. is a member of our Consumer Staples group, which includes 185 different companies and currently sits at #16 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. Laird Superfood, Inc. is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for LSF's full-year earnings has moved 18.2% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, LSF has gained about 70.7% so far this year. At the same time, Consumer Staples stocks have gained an average of 8.2%. This means that Laird Superfood, Inc. is outperforming the sector as a whole this year.
Another stock in the Consumer Staples sector, Medifast (MED - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 12%.
Over the past three months, Medifast's consensus EPS estimate for the current year has increased 47.2%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Laird Superfood, Inc. belongs to the Food - Miscellaneous industry, which includes 45 individual stocks and currently sits at #198 in the Zacks Industry Rank. On average, this group has lost an average of 0.6% so far this year, meaning that LSF is performing better in terms of year-to-date returns. Medifast is also part of the same industry.
Going forward, investors interested in Consumer Staples stocks should continue to pay close attention to Laird Superfood, Inc. and Medifast as they could maintain their solid performance.
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Is Laird Superfood (LSF) 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 Laird Superfood, Inc. (LSF - 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.
Laird Superfood, Inc. is a member of our Consumer Staples group, which includes 185 different companies and currently sits at #16 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. Laird Superfood, Inc. is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for LSF's full-year earnings has moved 18.2% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, LSF has gained about 70.7% so far this year. At the same time, Consumer Staples stocks have gained an average of 8.2%. This means that Laird Superfood, Inc. is outperforming the sector as a whole this year.
Another stock in the Consumer Staples sector, Medifast (MED - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 12%.
Over the past three months, Medifast's consensus EPS estimate for the current year has increased 47.2%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Laird Superfood, Inc. belongs to the Food - Miscellaneous industry, which includes 45 individual stocks and currently sits at #198 in the Zacks Industry Rank. On average, this group has lost an average of 0.6% so far this year, meaning that LSF is performing better in terms of year-to-date returns. Medifast is also part of the same industry.
Going forward, investors interested in Consumer Staples stocks should continue to pay close attention to Laird Superfood, Inc. and Medifast as they could maintain their solid performance.