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 Lamb Weston Holdings (LW - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Consumer Staples peers, we might be able to answer that question.
Lamb Weston Holdings is a member of the Consumer Staples sector. This group includes 177 individual stocks and currently holds a Zacks Sector Rank of #15. 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 is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. LW is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for LW's full-year earnings has moved 5.69% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, LW has returned 15.43% so far this year. In comparison, Consumer Staples companies have returned an average of -11.47%. This means that Lamb Weston Holdings is performing better than its sector in terms of year-to-date returns.
To break things down more, LW belongs to the Food - Miscellaneous industry, a group that includes 42 individual companies and currently sits at #184 in the Zacks Industry Rank. On average, this group has lost an average of 12.33% so far this year, meaning that LW is performing better in terms of year-to-date returns.
Investors with an interest in Consumer Staples stocks should continue to track LW. The stock will be looking to continue its solid performance.