Is The Estee Lauder Companies (EL) Stock Outpacing Its Consumer Staples Peers This Year?
Investors interested in Consumer Staples stocks should always be looking to find the best-performing companies in the group. Has The Estee Lauder Companies (EL) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
The Estee Lauder Companies is one of 166 companies in the Consumer Staples group. The Consumer Staples group currently sits at #11 within 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 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. EL is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for EL's full-year earnings has moved 3.71% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, EL has returned 27.08% so far this year. Meanwhile, stocks in the Consumer Staples group have gained about 14.66% on average. As we can see, The Estee Lauder Companies is performing better than its sector in the calendar year.
Looking more specifically, EL belongs to the Cosmetics industry, a group that includes 13 individual stocks and currently sits at #63 in the Zacks Industry Rank. On average, stocks in this group have gained 27.21% this year, meaning that EL is slightly underperforming its industry in terms of year-to-date returns.
Going forward, investors interested in Consumer Staples stocks should continue to pay close attention to EL as it looks to continue its solid performance.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.