For those looking to find strong Consumer Staples stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Mama's Creations, Inc. (MAMA) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Mama's Creations, Inc. is one of 185 companies in the Consumer Staples group. The Consumer Staples group currently sits at #15 within the Zacks Sector Rank. 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. Mama's Creations, Inc. is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for MAMA's full-year earnings has moved 4% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that MAMA has returned about 38.1% since the start of the calendar year. Meanwhile, the Consumer Staples sector has returned an average of 7% on a year-to-date basis. This means that Mama's Creations, Inc. is performing better than its sector in terms of year-to-date returns.
Another Consumer Staples stock, which has outperformed the sector so far this year, is WD-40 (WDFC). The stock has returned 26.5% year-to-date.
In WD-40's case, the consensus EPS estimate for the current year increased 4.5% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Mama's Creations, Inc. belongs to the Food - Miscellaneous industry, which includes 45 individual stocks and currently sits at #201 in the Zacks Industry Rank. On average, this group has lost an average of 0.9% so far this year, meaning that MAMA is performing better in terms of year-to-date returns.
WD-40, however, belongs to the Consumer Products - Staples industry. Currently, this 35-stock industry is ranked #198. The industry has moved +1.7% so far this year.
Mama's Creations, Inc. and WD-40 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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Mama's Creations, Inc. (MAMA): Free Stock Analysis Report
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This article originally published on Zacks Investment Research (zacks.com).