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 Blue Apron Holdings 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.
Blue Apron Holdings is a member of our Consumer Staples group, which includes 168 different companies and currently sits at #12 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. APRN is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for APRN's full-year earnings has moved 29.89% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, APRN has gained about 48.04% so far this year. In comparison, Consumer Staples companies have returned an average of 2.98%. As we can see, Blue Apron Holdings is performing better than its sector in the calendar year.
To break things down more, APRN belongs to the Food - Miscellaneous industry, a group that includes 40 individual companies and currently sits at #179 in the Zacks Industry Rank. This group has gained an average of 5.75% so far this year, so APRN is performing better in this area.
Investors in the Consumer Staples sector will want to keep a close eye on APRN as it attempts to continue its solid performance.
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Has Blue Apron Holdings (APRN) Outpaced Other Consumer Staples Stocks This Year?
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 Blue Apron Holdings 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.
Blue Apron Holdings is a member of our Consumer Staples group, which includes 168 different companies and currently sits at #12 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. APRN is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for APRN's full-year earnings has moved 29.89% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, APRN has gained about 48.04% so far this year. In comparison, Consumer Staples companies have returned an average of 2.98%. As we can see, Blue Apron Holdings is performing better than its sector in the calendar year.
To break things down more, APRN belongs to the Food - Miscellaneous industry, a group that includes 40 individual companies and currently sits at #179 in the Zacks Industry Rank. This group has gained an average of 5.75% so far this year, so APRN is performing better in this area.
Investors in the Consumer Staples sector will want to keep a close eye on APRN as it attempts to continue its solid performance.