Investors interested in Consumer Staples stocks should always be looking to find the best-performing companies in the group. Carlsberg AS (CABGY) 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? 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.
Carlsberg AS is a member of the Consumer Staples sector. This group includes 178 individual stocks and currently holds a Zacks Sector Rank of #14. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. Carlsberg AS is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for CABGY's full-year earnings has moved 6.5% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that CABGY has returned about 21.4% since the start of the calendar year. At the same time, Consumer Staples stocks have gained an average of 13.7%. As we can see, Carlsberg AS is performing better than its sector in the calendar year.
Another Consumer Staples stock, which has outperformed the sector so far this year, is WD-40 (WDFC). The stock has returned 24.3% year-to-date.
Over the past three months, WD-40's consensus EPS estimate for the current year has increased 0.7%. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Carlsberg AS belongs to the Beverages - Alcohol industry, a group that includes 16 individual companies and currently sits at #191 in the Zacks Industry Rank. On average, stocks in this group have gained 20.7% this year, meaning that CABGY is performing better in terms of year-to-date returns.
On the other hand, WD-40 belongs to the Consumer Products - Staples industry. This 35-stock industry is currently ranked #133. The industry has moved +13.2% year to date.
Investors interested in the Consumer Staples sector may want to keep a close eye on Carlsberg AS and WD-40 as they attempt to continue their solid performance.
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Carlsberg AS (CABGY): Free Stock Analysis Report WD-40 Company (WDFC): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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