The Consumer Staples group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Coca-Cola HBC (CCHGY) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Coca-Cola HBC is one of 179 companies in the Consumer Staples group. The Consumer Staples group currently sits at #11 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 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. Coca-Cola HBC is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for CCHGY's full-year earnings has moved 0.9% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, CCHGY has moved about 12% on a year-to-date basis. Meanwhile, the Consumer Staples sector has returned an average of 10.8% on a year-to-date basis. As we can see, Coca-Cola HBC 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 Corteva, Inc. (CTVA). The stock is up 12.1% year-to-date.
For Corteva, Inc., the consensus EPS estimate for the current year has increased 1.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Coca-Cola HBC is a member of the Beverages - Soft drinks industry, which includes 19 individual companies and currently sits at #95 in the Zacks Industry Rank. On average, this group has gained an average of 10.5% so far this year, meaning that CCHGY is performing better in terms of year-to-date returns.
In contrast, Corteva, Inc. falls under the Agriculture - Operations industry. Currently, this industry has 13 stocks and is ranked #72. Since the beginning of the year, the industry has moved +13.7%.
Going forward, investors interested in Consumer Staples stocks should continue to pay close attention to Coca-Cola HBC and Corteva, Inc. as they could maintain their solid performance.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Coca-Cola HBC (CCHGY): Free Stock Analysis Report Corteva, Inc. (CTVA): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
