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? Let's take a closer look at the stock's year-to-date performance to find out.
The Estee Lauder Companies is a member of our Consumer Staples group, which includes 165 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. 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 3.69% 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 26.95% so far this year. Meanwhile, stocks in the Consumer Staples group have gained about 15.83% on average. As we can see, The Estee Lauder Companies is performing better than its sector in the calendar year.
Breaking things down more, EL is a member of the Cosmetics industry, which includes 13 individual companies and currently sits at #156 in the Zacks Industry Rank. Stocks in this group have gained about 28.53% so far this year, so EL is slightly underperforming its industry this group in terms of year-to-date returns.
Going forward, investors interested in Consumer Staples stocks should continue to pay close attention to EL as it looks to continue its solid performance.