For those looking to find strong Consumer Staples stocks, it is prudent to search for companies in the group that are outperforming their peers. Has The Estee Lauder Companies (EL - Free Report) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Staples sector should help us answer this question.
The Estee Lauder Companies is a member of our Consumer Staples group, which includes 176 different companies and currently sits at #10 in the Zacks Sector Rank. 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 is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. EL is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for EL's full-year earnings has moved 2.51% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, EL has gained about 46.68% so far this year. Meanwhile, stocks in the Consumer Staples group have gained about 19.20% 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 14 individual stocks and currently sits at #37 in the Zacks Industry Rank. On average, this group has gained an average of 41.41% so far this year, meaning that EL is performing better in terms of year-to-date returns.
Investors with an interest in Consumer Staples stocks should continue to track EL. The stock will be looking to continue its solid performance.