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 a member of the Consumer Staples sector. This group includes 166 individual stocks and currently holds a Zacks Sector Rank of #6. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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 #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for EL's full-year earnings has moved 4.73% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, EL has gained about 31.52% so far this year. Meanwhile, stocks in the Consumer Staples group have gained about 15.02% 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, which includes 13 individual stocks and currently sits at #217 in the Zacks Industry Rank. Stocks in this group have gained about 28.55% so far this year, so EL is performing better this group 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.