Investors focused on the Consumer Staples space have likely heard of The Estee Lauder Companies (EL - 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.
The Estee Lauder Companies is a member of the Consumer Staples sector. This group includes 169 individual stocks and currently holds a Zacks Sector Rank of #10. 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. EL is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for EL's full-year earnings has moved 4.20% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, EL has moved about 25.36% on a year-to-date basis. Meanwhile, the Consumer Staples sector has returned an average of 11.11% on a year-to-date basis. This means that The Estee Lauder Companies is outperforming the sector as a whole this year.
To break things down more, EL belongs to the Cosmetics industry, a group that includes 13 individual companies and currently sits at #106 in the Zacks Industry Rank. On average, this group has gained an average of 25.01% so far this year, meaning that EL is performing better in terms of year-to-date returns.
Investors in the Consumer Staples sector will want to keep a close eye on EL as it attempts to continue its solid performance.