The Consumer Staples group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Ambev (ABEV) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Consumer Staples peers, we might be able to answer that question.
Ambev is one of 171 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. Ambev is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for ABEV's full-year earnings has moved 11.7% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, ABEV has returned 27.5% so far this year. Meanwhile, the Consumer Staples sector has returned an average of 7.8% on a year-to-date basis. As we can see, Ambev is performing better than its sector in the calendar year.
Another Consumer Staples stock, which has outperformed the sector so far this year, is Chefs' Warehouse (CHEF). The stock has returned 23.7% year-to-date.
For Chefs' Warehouse, the consensus EPS estimate for the current year has increased 9.2% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Ambev is a member of the Beverages - Alcohol industry, which includes 14 individual companies and currently sits at #159 in the Zacks Industry Rank. Stocks in this group have gained about 16.2% so far this year, so ABEV is performing better this group in terms of year-to-date returns.
In contrast, Chefs' Warehouse falls under the Food - Miscellaneous industry. Currently, this industry has 40 stocks and is ranked #205. Since the beginning of the year, the industry has moved -6.3%.
Investors interested in the Consumer Staples sector may want to keep a close eye on Ambev and Chefs' Warehouse as they attempt to continue their solid performance.
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Ambev S.A. (ABEV): Free Stock Analysis Report
The Chefs' Warehouse, Inc. (CHEF): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).