The Consumer Staples group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Mission Produce, Inc. (AVO) 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.
Mission Produce, Inc. is one of 180 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 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. Mission Produce, Inc. is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, 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 16% on a year-to-date basis. Meanwhile, the Consumer Staples sector has returned an average of 3% on a year-to-date basis. As we can see, Mission Produce, Inc. is performing better than its sector in the calendar year.
One other Consumer Staples stock that has outperformed the sector so far this year is Mama's Creations, Inc. (MAMA). The stock is up 10.5% year-to-date.
For Mama's Creations, Inc., the consensus EPS estimate for the current year has increased 18.2% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Mission Produce, Inc. belongs to the Agriculture - Operations industry, a group that includes 13 individual companies and currently sits at #54 in the Zacks Industry Rank. On average, this group has gained an average of 11.2% so far this year, meaning that AVO is performing better in terms of year-to-date returns.
On the other hand, Mama's Creations, Inc. belongs to the Food - Miscellaneous industry. This 42-stock industry is currently ranked #178. The industry has moved -18.3% year to date.
Going forward, investors interested in Consumer Staples stocks should continue to pay close attention to Mission Produce, Inc. and Mama's Creations, Inc. as they could maintain their solid performance.
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Mission Produce, Inc. (AVO): Free Stock Analysis Report Mama's Creations, Inc. (MAMA): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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