Investors focused on the Basic Materials space have likely heard of Bunge (BG Quick QuoteBG - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.

Bunge is a member of the Basic Materials sector. This group includes 240 individual stocks and currently holds a Zacks Sector Rank of #10. 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 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. BG is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for BG's full-year earnings has moved 24.41% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Based on the most recent data, BG has returned 1.07% so far this year. In comparison, Basic Materials companies have returned an average of -2.93%. This means that Bunge is performing better than its sector in terms of year-to-date returns.

Looking more specifically, BG belongs to the Agriculture - Products industry, a group that includes 6 individual stocks and currently sits at #59 in the Zacks Industry Rank. On average, stocks in this group have lost 48.72% this year, meaning that BG is performing better in terms of year-to-date returns.

Going forward, investors interested in Basic Materials stocks should continue to pay close attention to BG as it looks to continue its solid performance.