The Consumer Staples group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Archer Daniels Midland (ADM - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of ADM and the rest of the Consumer Staples group's stocks.
Archer Daniels Midland is a member of the Consumer Staples sector. This group includes 176 individual stocks and currently holds a Zacks Sector Rank of #15. 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 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. ADM is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for ADM's full-year earnings has moved 9.33% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, ADM has gained about 24.68% so far this year. In comparison, Consumer Staples companies have returned an average of -6.75%. This means that Archer Daniels Midland is performing better than its sector in terms of year-to-date returns.
Breaking things down more, ADM is a member of the Agriculture - Operations industry, which includes 9 individual companies and currently sits at #58 in the Zacks Industry Rank. Stocks in this group have gained about 14.51% so far this year, so ADM is performing better this group in terms of year-to-date returns.
Going forward, investors interested in Consumer Staples stocks should continue to pay close attention to ADM as it looks to continue its solid performance.