Investors interested in Consumer Staples stocks should always be looking to find the best-performing companies in the group. Is Mission Produce, Inc. (AVO) one of those stocks right now? 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.
Mission Produce, Inc. is one of 180 companies in the Consumer Staples group. The Consumer Staples group currently sits at #15 within 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. Mission Produce, Inc. is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for AVO's full-year earnings has moved 57.5% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, AVO has moved about 0.5% on a year-to-date basis. In comparison, Consumer Staples companies have returned an average of -3.4%. This means that Mission Produce, Inc. is performing better than its sector in terms of year-to-date returns.
One other Consumer Staples stock that has outperformed the sector so far this year is Black Rock Coffee Bar, Inc. (BRCB). The stock is up 3.4% year-to-date.
The consensus estimate for Black Rock Coffee Bar, Inc.'s current year EPS has increased 44.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Mission Produce, Inc. is a member of the Agriculture - Operations industry, which includes 13 individual companies and currently sits at #221 in the Zacks Industry Rank. This group has gained an average of 4.8% so far this year, so AVO is slightly underperforming its industry in this area.
In contrast, Black Rock Coffee Bar, Inc. falls under the Beverages - Soft drinks industry. Currently, this industry has 19 stocks and is ranked #205. Since the beginning of the year, the industry has moved +5.6%.
Mission Produce, Inc. and Black Rock Coffee Bar, Inc. 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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Mission Produce, Inc. (AVO): Free Stock Analysis Report Black Rock Coffee Bar, Inc. (BRCB): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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