Investors focused on the Consumer Staples space have likely heard of Avon Products (AVP - 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.
Avon Products is one of 165 individual stocks in the Consumer Staples sector. Collectively, these companies sit at #12 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. AVP is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for AVP's full-year earnings has moved 108% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, AVP has returned 153.95% so far this year. Meanwhile, stocks in the Consumer Staples group have gained about 13.69% on average. This shows that Avon Products is outperforming its peers so far this year.
Breaking things down more, AVP is a member of the Cosmetics industry, which includes 13 individual companies and currently sits at #108 in the Zacks Industry Rank. This group has gained an average of 29.34% so far this year, so AVP is performing better in this area.
Going forward, investors interested in Consumer Staples stocks should continue to pay close attention to AVP as it looks to continue its solid performance.