The Consumer Staples group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has e.l.f. Beauty (ELF) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
e.l.f. Beauty is a member of the Consumer Staples sector. This group includes 187 individual stocks and currently holds a Zacks Sector Rank of #16. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. e.l.f. Beauty is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for ELF's full-year earnings has moved 9.3% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, ELF has gained about 36.4% so far this year. Meanwhile, the Consumer Staples sector has returned an average of 3.8% on a year-to-date basis. As we can see, e.l.f. Beauty is performing better than its sector in the calendar year.
Another stock in the Consumer Staples sector, Laird Superfood, Inc. (LSF), has outperformed the sector so far this year. The stock's year-to-date return is 41.9%.
In Laird Superfood, Inc.'s case, the consensus EPS estimate for the current year increased 18.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, e.l.f. Beauty belongs to the Cosmetics industry, a group that includes 7 individual companies and currently sits at #87 in the Zacks Industry Rank. On average, this group has gained an average of 1.2% so far this year, meaning that ELF is performing better in terms of year-to-date returns.
In contrast, Laird Superfood, Inc. falls under the Food - Miscellaneous industry. Currently, this industry has 47 stocks and is ranked #211. Since the beginning of the year, the industry has moved -6.6%.
Investors interested in the Consumer Staples sector may want to keep a close eye on e.l.f. Beauty and Laird Superfood, Inc. as they attempt to continue their solid performance.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.9% per year. So be sure to give these hand picked 7 your immediate attention.
See them now >>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
e.l.f. Beauty (ELF): Free Stock Analysis Report
Laird Superfood, Inc. (LSF): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).