For those looking to find strong Consumer Staples stocks, it is prudent to search for companies in the group that are outperforming their peers. Monster Beverage (MNST) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.
Monster Beverage is one of 183 individual stocks in the Consumer Staples sector. Collectively, these companies sit at #14 in the Zacks Sector Rank. 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 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. Monster Beverage is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for MNST's full-year earnings has moved 3.6% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, MNST has moved about 34.1% on a year-to-date basis. Meanwhile, the Consumer Staples sector has returned an average of -0.6% on a year-to-date basis. As we can see, Monster Beverage is performing better than its sector in the calendar year.
Another Consumer Staples stock, which has outperformed the sector so far this year, is Turning Point Brands (TPB). The stock has returned 66.7% year-to-date.
For Turning Point Brands, the consensus EPS estimate for the current year has increased 10% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Monster Beverage belongs to the Beverages - Soft drinks industry, a group that includes 18 individual companies and currently sits at #157 in the Zacks Industry Rank. Stocks in this group have gained about 7% so far this year, so MNST is performing better this group in terms of year-to-date returns.
On the other hand, Turning Point Brands belongs to the Tobacco industry. This 8-stock industry is currently ranked #24. The industry has moved +31.5% year to date.
Going forward, investors interested in Consumer Staples stocks should continue to pay close attention to Monster Beverage and Turning Point Brands as they could maintain their solid performance.
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Monster Beverage Corporation (MNST): Free Stock Analysis Report Turning Point Brands, Inc. (TPB): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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