Investors interested in Consumer Staples stocks should always be looking to find the best-performing companies in the group. Has New York Times Co. (NYT) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
New York Times Co. is one of 173 individual stocks in the Consumer Staples sector. Collectively, these companies sit at #13 in the Zacks Sector Rank. 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 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. New York Times Co. is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for NYT's full-year earnings has moved 5.1% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, NYT has moved about 7.3% on a year-to-date basis. In comparison, Consumer Staples companies have returned an average of 6.6%. This means that New York Times Co. is outperforming the sector as a whole this year.
Another Consumer Staples stock, which has outperformed the sector so far this year, is United Natural Foods (UNFI). The stock has returned 47.5% year-to-date.
The consensus estimate for United Natural Foods' current year EPS has increased 0% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, New York Times Co. is a member of the Publishing - Newspapers industry, which includes 1 individual companies and currently sits at #6 in the Zacks Industry Rank. On average, this group has lost an average of 0.6% so far this year, meaning that NYT is performing better in terms of year-to-date returns.
In contrast, United Natural Foods falls under the Food - Miscellaneous industry. Currently, this industry has 40 stocks and is ranked #209. Since the beginning of the year, the industry has moved -4.8%.
Investors with an interest in Consumer Staples stocks should continue to track New York Times Co. and United Natural Foods. These stocks will be looking to continue their solid performance.
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The New York Times Company (NYT): Free Stock Analysis Report
United Natural Foods, Inc. (UNFI): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).