Are Consumer Staples Stocks Lagging Vita Coco Company (COCO) This Year?

Investors interested in Consumer Staples stocks should always be looking to find the best-performing companies in the group. Vita Coco Company, Inc. (COCO) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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.Vita Coco Company, Inc. is one of 173 individual stocks in the Consumer Staples sector. Collectively, these companies sit at #14 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Vita Coco Company, Inc. is currently sporting a Zacks Rank of #1 (Strong Buy).Over the past 90 days, the Zacks Consensus Estimate for COCO's full-year earnings has moved 11.4% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.Our latest available data shows that COCO has returned about 56.4% since the start of the calendar year. Meanwhile, the Consumer Staples sector has returned an average of 5.6% on a year-to-date basis. This means that Vita Coco Company, Inc. is performing better than its sector in terms of year-to-date returns.Darling Ingredients (DAR) is another Consumer Staples stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 47.8%.In Darling Ingredients' case, the consensus EPS estimate for the current year increased 40.3% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).Looking more specifically, Vita Coco Company, Inc. belongs to the Beverages - Soft drinks industry, a group that includes 18 individual stocks and currently sits at #58 in the Zacks Industry Rank. On average, this group has gained an average of 10.8% so far this year, meaning that COCO is performing better in terms of year-to-date returns. In contrast, Darling Ingredients falls under the Food - Miscellaneous industry. Currently, this industry has 40 stocks and is ranked #196. Since the beginning of the year, the industry has moved -6.7%.Vita Coco Company, Inc. and Darling Ingredients could continue their solid performance, so investors interested in Consumer Staples stocks should continue to pay close attention to these stocks.Research Chief Names "Single Best Pick to Double"From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks