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 176 individual stocks and currently holds a Zacks Sector Rank of #9. 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 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 90 days, the Zacks Consensus Estimate for EL's full-year earnings has moved 3.86% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that EL has returned about 49.88% since the start of the calendar year. Meanwhile, the Consumer Staples sector has returned an average of 18.99% on a year-to-date basis. This means that The Estee Lauder Companies is outperforming the sector as a whole this year.
Breaking things down more, EL is a member of the Cosmetics industry, which includes 14 individual companies and currently sits at #43 in the Zacks Industry Rank. On average, stocks in this group have gained 44.31% 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.