Yahoo Finance Are Consumer Staples Stocks Lagging Henkel AG & Co. (HENKY) This Year?
The Consumer Staples group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Henkel AG & Co. (HENKY) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Henkel AG & Co. is a member of the Consumer Staples sector. This group includes 192 individual stocks and currently holds a Zacks Sector Rank of #3. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. Henkel AG & Co. is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for HENKY's full-year earnings has moved 0.4% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, HENKY has gained about 11% so far this year. At the same time, Consumer Staples stocks have gained an average of 1.9%. This means that Henkel AG & Co. 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 Ingredion (INGR). The stock has returned 6.3% year-to-date.
Over the past three months, Ingredion's consensus EPS estimate for the current year has increased 1.5%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Henkel AG & Co. belongs to the Soap and Cleaning Materials industry, which includes 7 individual stocks and currently sits at #45 in the Zacks Industry Rank. On average, this group has gained an average of 14.1% so far this year, meaning that HENKY is slightly underperforming its industry in terms of year-to-date returns.
Ingredion, however, belongs to the Food - Miscellaneous industry. Currently, this 45-stock industry is ranked #60. The industry has moved -2.4% so far this year.
Henkel AG & Co. and Ingredion 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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