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Is BJ's Wholesale Club (BJ) Outperforming Other Consumer Staples Stocks 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. Is BJ's Wholesale Club (BJ - 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.
BJ's Wholesale Club is one of 187 companies in the Consumer Staples group. The Consumer Staples group currently sits at #14 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. BJ's Wholesale Club is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for BJ's full-year earnings has moved 4.1% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, BJ has gained about 13.8% so far this year. Meanwhile, the Consumer Staples sector has returned an average of 11.6% on a year-to-date basis. As we can see, BJ's Wholesale Club is performing better than its sector in the calendar year.
e.l.f. Beauty (ELF - 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 49.6%.
The consensus estimate for e.l.f. Beauty's current year EPS has increased 10.1% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, BJ's Wholesale Club is a member of the Consumer Products - Staples industry, which includes 35 individual companies and currently sits at #198 in the Zacks Industry Rank. Stocks in this group have gained about 7.3% so far this year, so BJ is performing better this group in terms of year-to-date returns.
On the other hand, e.l.f. Beauty belongs to the Cosmetics industry. This 7-stock industry is currently ranked #21. The industry has moved +3.6% year to date.
BJ's Wholesale Club and e.l.f. Beauty could continue their solid performance, so investors interested in Consumer Staples stocks should continue to pay close attention to these stocks.
View the Zacks #1 Rank List
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Is BJ's Wholesale Club (BJ) Outperforming Other Consumer Staples Stocks 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. Is BJ's Wholesale Club (BJ - 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.
BJ's Wholesale Club is one of 187 companies in the Consumer Staples group. The Consumer Staples group currently sits at #14 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. BJ's Wholesale Club is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for BJ's full-year earnings has moved 4.1% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, BJ has gained about 13.8% so far this year. Meanwhile, the Consumer Staples sector has returned an average of 11.6% on a year-to-date basis. As we can see, BJ's Wholesale Club is performing better than its sector in the calendar year.
e.l.f. Beauty (ELF - 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 49.6%.
The consensus estimate for e.l.f. Beauty's current year EPS has increased 10.1% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, BJ's Wholesale Club is a member of the Consumer Products - Staples industry, which includes 35 individual companies and currently sits at #198 in the Zacks Industry Rank. Stocks in this group have gained about 7.3% so far this year, so BJ is performing better this group in terms of year-to-date returns.
On the other hand, e.l.f. Beauty belongs to the Cosmetics industry. This 7-stock industry is currently ranked #21. The industry has moved +3.6% year to date.
BJ's Wholesale Club and e.l.f. Beauty could continue their solid performance, so investors interested in Consumer Staples stocks should continue to pay close attention to these stocks.