Investors focused on the Consumer Staples space have likely heard of Turning Point Brands (TPB), 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.
Turning Point Brands is a member of the Consumer Staples sector. This group includes 176 individual stocks and currently holds a Zacks Sector Rank of #16. 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. TPB is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for TPB's full-year earnings has moved 7.41% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, TPB has gained about 58.07% so far this year. At the same time, Consumer Staples stocks have lost an average of 7.08%. This means that Turning Point Brands is performing better than its sector in terms of year-to-date returns.
Looking more specifically, TPB belongs to the Tobacco industry, which includes 9 individual stocks and currently sits at #242 in the Zacks Industry Rank. Stocks in this group have lost about 19.75% so far this year, so TPB is performing better this group in terms of year-to-date returns.
Investors with an interest in Consumer Staples stocks should continue to track TPB. The stock will be looking to continue its solid performance.