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Is Mission Produce (AVO) 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. Has Mission Produce, Inc. (AVO - 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.
Mission Produce, Inc. is a member of our Consumer Staples group, which includes 187 different companies and currently sits at #16 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Mission Produce, Inc. is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for AVO's full-year earnings has moved 21.8% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, AVO has gained about 10.4% so far this year. Meanwhile, the Consumer Staples sector has returned an average of 2.3% on a year-to-date basis. This shows that Mission Produce, Inc. is outperforming its peers so far this year.
Another stock in the Consumer Staples sector, Coca-Cola European (CCEP - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 11.4%.
For Coca-Cola European, the consensus EPS estimate for the current year has increased 1.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Mission Produce, Inc. belongs to the Agriculture - Operations industry, a group that includes 11 individual stocks and currently sits at #195 in the Zacks Industry Rank. On average, this group has lost an average of 33.5% so far this year, meaning that AVO is performing better in terms of year-to-date returns.
On the other hand, Coca-Cola European belongs to the Beverages - Soft drinks industry. This 21-stock industry is currently ranked #188. The industry has moved +9.6% year to date.
Investors with an interest in Consumer Staples stocks should continue to track Mission Produce, Inc. and Coca-Cola European. These stocks will be looking to continue their solid performance.
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Is Mission Produce (AVO) 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. Has Mission Produce, Inc. (AVO - 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.
Mission Produce, Inc. is a member of our Consumer Staples group, which includes 187 different companies and currently sits at #16 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Mission Produce, Inc. is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for AVO's full-year earnings has moved 21.8% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, AVO has gained about 10.4% so far this year. Meanwhile, the Consumer Staples sector has returned an average of 2.3% on a year-to-date basis. This shows that Mission Produce, Inc. is outperforming its peers so far this year.
Another stock in the Consumer Staples sector, Coca-Cola European (CCEP - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 11.4%.
For Coca-Cola European, the consensus EPS estimate for the current year has increased 1.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Mission Produce, Inc. belongs to the Agriculture - Operations industry, a group that includes 11 individual stocks and currently sits at #195 in the Zacks Industry Rank. On average, this group has lost an average of 33.5% so far this year, meaning that AVO is performing better in terms of year-to-date returns.
On the other hand, Coca-Cola European belongs to the Beverages - Soft drinks industry. This 21-stock industry is currently ranked #188. The industry has moved +9.6% year to date.
Investors with an interest in Consumer Staples stocks should continue to track Mission Produce, Inc. and Coca-Cola European. These stocks will be looking to continue their solid performance.