The Consumer Staples group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Danone (DANOY) one of those stocks right now? 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.
Danone is one of 178 companies in the Consumer Staples group. The Consumer Staples group currently sits at #10 within 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 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. Danone is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for DANOY's full-year earnings has moved 2% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that DANOY has returned about 28.1% since the start of the calendar year. In comparison, Consumer Staples companies have returned an average of 6.4%. This shows that Danone is outperforming its peers so far this year.
One other Consumer Staples stock that has outperformed the sector so far this year is Ollie's Bargain Outlet (OLLI). The stock is up 22.2% year-to-date.
Over the past three months, Ollie's Bargain Outlet's consensus EPS estimate for the current year has increased 0.5%. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Danone belongs to the Food - Miscellaneous industry, a group that includes 42 individual companies and currently sits at #171 in the Zacks Industry Rank. On average, stocks in this group have lost 5.4% this year, meaning that DANOY is performing better in terms of year-to-date returns.
On the other hand, Ollie's Bargain Outlet belongs to the Consumer Products - Staples industry. This 35-stock industry is currently ranked #168. The industry has moved -2.9% year to date.
Investors with an interest in Consumer Staples stocks should continue to track Danone and Ollie's Bargain Outlet. These stocks will be looking to continue their solid performance.
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Danone (DANOY): Free Stock Analysis Report Ollie's Bargain Outlet Holdings, Inc. (OLLI): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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