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.
Are Consumer Staples Stocks Lagging Dole (DOLE) This Year?
Read MoreHide Full Article
The Consumer Staples group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Dole (DOLE - Free Report) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Staples sector should help us answer this question.
Dole is a member of our Consumer Staples group, which includes 184 different companies and currently sits at #9 in the Zacks Sector Rank. 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 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. Dole is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for DOLE's full-year earnings has moved 5.3% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that DOLE has returned about 36.2% since the start of the calendar year. At the same time, Consumer Staples stocks have gained an average of 9.4%. This shows that Dole is outperforming its peers so far this year.
Another Consumer Staples stock, which has outperformed the sector so far this year, is Lifeway Foods (LWAY - Free Report) . The stock has returned 66.4% year-to-date.
For Lifeway Foods, the consensus EPS estimate for the current year has increased 23.8% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Dole belongs to the Agriculture - Operations industry, a group that includes 14 individual stocks and currently sits at #74 in the Zacks Industry Rank. On average, stocks in this group have lost 8.5% this year, meaning that DOLE is performing better in terms of year-to-date returns.
On the other hand, Lifeway Foods belongs to the Food - Dairy Products industry. This 3-stock industry is currently ranked #30. The industry has moved -2% year to date.
Going forward, investors interested in Consumer Staples stocks should continue to pay close attention to Dole and Lifeway Foods as they could maintain their solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Are Consumer Staples Stocks Lagging Dole (DOLE) This Year?
The Consumer Staples group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Dole (DOLE - Free Report) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Staples sector should help us answer this question.
Dole is a member of our Consumer Staples group, which includes 184 different companies and currently sits at #9 in the Zacks Sector Rank. 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 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. Dole is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for DOLE's full-year earnings has moved 5.3% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that DOLE has returned about 36.2% since the start of the calendar year. At the same time, Consumer Staples stocks have gained an average of 9.4%. This shows that Dole is outperforming its peers so far this year.
Another Consumer Staples stock, which has outperformed the sector so far this year, is Lifeway Foods (LWAY - Free Report) . The stock has returned 66.4% year-to-date.
For Lifeway Foods, the consensus EPS estimate for the current year has increased 23.8% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Dole belongs to the Agriculture - Operations industry, a group that includes 14 individual stocks and currently sits at #74 in the Zacks Industry Rank. On average, stocks in this group have lost 8.5% this year, meaning that DOLE is performing better in terms of year-to-date returns.
On the other hand, Lifeway Foods belongs to the Food - Dairy Products industry. This 3-stock industry is currently ranked #30. The industry has moved -2% year to date.
Going forward, investors interested in Consumer Staples stocks should continue to pay close attention to Dole and Lifeway Foods as they could maintain their solid performance.