The Consumer Staples group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is The Estee Lauder Companies (EL - 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.
The Estee Lauder Companies is one of 170 individual stocks in the Consumer Staples sector. Collectively, these companies sit at #13 in the Zacks Sector Rank. 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 model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. EL is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for EL's full-year earnings has moved 2.57% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that EL has returned about 11.21% since the start of the calendar year. Meanwhile, stocks in the Consumer Staples group have lost about 10.67% on average. This shows that The Estee Lauder Companies is outperforming its peers so far this year.
Looking more specifically, EL belongs to the Cosmetics industry, a group that includes 13 individual stocks and currently sits at #176 in the Zacks Industry Rank. Stocks in this group have lost about 1.81% so far this year, so EL is performing better this group in terms of year-to-date returns.
EL will likely be looking to continue its solid performance, so investors interested in Consumer Staples stocks should continue to pay close attention to the company.