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Is General Mills (GIS) Outperforming Other Consumer Staples Stocks This Year?

Zacks Equity Research

Investors focused on the Consumer Staples space have likely heard of General Mills (GIS), but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.

General Mills is a member of our Consumer Staples group, which includes 176 different companies and currently sits at #11 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

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. GIS is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for GIS's full-year earnings has moved 1.94% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

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Our latest available data shows that GIS has returned about 7.73% since the start of the calendar year. Meanwhile, the Consumer Staples sector has returned an average of -17.52% on a year-to-date basis. As we can see, General Mills is performing better than its sector in the calendar year.

Looking more specifically, GIS belongs to the Food - Miscellaneous industry, a group that includes 43 individual stocks and currently sits at #85 in the Zacks Industry Rank. This group has lost an average of 16.75% so far this year, so GIS is performing better in this area.

Investors with an interest in Consumer Staples stocks should continue to track GIS. The stock will be looking to continue its solid performance.


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General Mills, Inc. (GIS) : Free Stock Analysis Report
 
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