We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is Nomad Foods Limited (NOMD) Stock Outpacing Its Consumer Staples Peers This Year?
Read MoreHide Full Article
For those looking to find strong Consumer Staples stocks, it is prudent to search for companies in the group that are outperforming their peers. Nomad Foods (NOMD - Free Report) 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? Let's take a closer look at the stock's year-to-date performance to find out.
Nomad Foods is a member of the Consumer Staples sector. This group includes 184 individual stocks and currently holds a Zacks Sector Rank of #10. 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. Nomad Foods is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for NOMD's full-year earnings has moved 3.2% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that NOMD has returned about 14.6% since the start of the calendar year. Meanwhile, the Consumer Staples sector has returned an average of 10.1% on a year-to-date basis. As we can see, Nomad Foods is performing better than its sector in the calendar year.
New York Times Co. (NYT - Free Report) is another Consumer Staples stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 11%.
The consensus estimate for New York Times Co.'s current year EPS has increased 7.3% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Nomad Foods belongs to the Food - Miscellaneous industry, which includes 45 individual stocks and currently sits at #88 in the Zacks Industry Rank. On average, stocks in this group have gained 5.3% this year, meaning that NOMD is performing better in terms of year-to-date returns.
New York Times Co. however, belongs to the Publishing - Newspapers industry. Currently, this 2-stock industry is ranked #89. The industry has moved +12.6% so far this year.
Nomad Foods and New York Times Co. could continue their solid performance, so investors interested in Consumer Staples stocks should continue to pay close attention to these stocks.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is Nomad Foods Limited (NOMD) Stock Outpacing Its Consumer Staples Peers This Year?
For those looking to find strong Consumer Staples stocks, it is prudent to search for companies in the group that are outperforming their peers. Nomad Foods (NOMD - Free Report) 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? Let's take a closer look at the stock's year-to-date performance to find out.
Nomad Foods is a member of the Consumer Staples sector. This group includes 184 individual stocks and currently holds a Zacks Sector Rank of #10. 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. Nomad Foods is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for NOMD's full-year earnings has moved 3.2% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that NOMD has returned about 14.6% since the start of the calendar year. Meanwhile, the Consumer Staples sector has returned an average of 10.1% on a year-to-date basis. As we can see, Nomad Foods is performing better than its sector in the calendar year.
New York Times Co. (NYT - Free Report) is another Consumer Staples stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 11%.
The consensus estimate for New York Times Co.'s current year EPS has increased 7.3% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Nomad Foods belongs to the Food - Miscellaneous industry, which includes 45 individual stocks and currently sits at #88 in the Zacks Industry Rank. On average, stocks in this group have gained 5.3% this year, meaning that NOMD is performing better in terms of year-to-date returns.
New York Times Co. however, belongs to the Publishing - Newspapers industry. Currently, this 2-stock industry is ranked #89. The industry has moved +12.6% so far this year.
Nomad Foods and New York Times Co. could continue their solid performance, so investors interested in Consumer Staples stocks should continue to pay close attention to these stocks.