The Consumer Staples group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. National Vision (EYE) 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.
National Vision is a member of the Consumer Staples sector. This group includes 179 individual stocks and currently holds a Zacks Sector Rank of #12. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. National Vision is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for EYE's full-year earnings has moved 4.9% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, EYE has returned 12.5% so far this year. At the same time, Consumer Staples stocks have gained an average of 10.6%. As we can see, National Vision is performing better than its sector in the calendar year.
Another stock in the Consumer Staples sector, WD-40 (WDFC), has outperformed the sector so far this year. The stock's year-to-date return is 24.1%.
For WD-40, the consensus EPS estimate for the current year has increased 0.7% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, National Vision belongs to the Consumer Products - Staples industry, a group that includes 36 individual stocks and currently sits at #80 in the Zacks Industry Rank. Stocks in this group have gained about 9.8% so far this year, so EYE is performing better this group in terms of year-to-date returns. WD-40 is also part of the same industry.
Going forward, investors interested in Consumer Staples stocks should continue to pay close attention to National Vision and WD-40 as they could maintain their solid performance.
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National Vision Holdings, Inc. (EYE): Free Stock Analysis Report
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This article originally published on Zacks Investment Research (zacks.com).