For those looking to find strong Consumer Staples stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Ahold NV (ADRNY) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Ahold NV is a member of the Consumer Staples sector. This group includes 178 individual stocks and currently holds a Zacks Sector Rank of #14. 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 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. Ahold NV is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for ADRNY's full-year earnings has moved 3.1% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, ADRNY has gained about 25.7% so far this year. Meanwhile, stocks in the Consumer Staples group have gained about 4.5% on average. This means that Ahold NV is outperforming the sector as a whole this year.
Another stock in the Consumer Staples sector, Grocery Outlet Holding Corp. (GO), has outperformed the sector so far this year. The stock's year-to-date return is 18.1%.
For Grocery Outlet Holding Corp., the consensus EPS estimate for the current year has increased 4.1% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Ahold NV is a member of the Consumer Products - Staples industry, which includes 35 individual companies and currently sits at #175 in the Zacks Industry Rank. On average, this group has lost an average of 3.9% so far this year, meaning that ADRNY is performing better in terms of year-to-date returns. Grocery Outlet Holding Corp. is also part of the same industry.
Ahold NV and Grocery Outlet Holding Corp. could continue their solid performance, so investors interested in Consumer Staples stocks should continue to pay close attention to these stocks.
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Ahold NV (ADRNY): Free Stock Analysis Report Grocery Outlet Holding Corp. (GO): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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