Investors focused on the Consumer Staples space have likely heard of Campbell Soup (CPB - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? 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.
Campbell Soup is a member of our Consumer Staples group, which includes 168 different companies and currently sits at #11 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 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. CPB is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for CPB's full-year earnings has moved 1.60% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, CPB has gained about 6.21% so far this year. Meanwhile, the Consumer Staples sector has returned an average of 2.80% on a year-to-date basis. This means that Campbell Soup is performing better than its sector in terms of year-to-date returns.
Looking more specifically, CPB belongs to the Food - Miscellaneous industry, a group that includes 40 individual stocks and currently sits at #177 in the Zacks Industry Rank. On average, stocks in this group have gained 4.83% this year, meaning that CPB is performing better in terms of year-to-date returns.
Investors in the Consumer Staples sector will want to keep a close eye on CPB as it attempts to continue its solid performance.