Are Consumer Staples Stocks Lagging Vita Coco Company (COCO) 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. Has Vita Coco Company, Inc. (COCO) 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.Vita Coco Company, Inc. is a member of our Consumer Staples group, which includes 180 different companies and currently sits at #14 in 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 is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Vita Coco Company, Inc. is currently sporting a Zacks Rank of #2 (Buy).Over the past three months, the Zacks Consensus Estimate for COCO's full-year earnings has moved 0.6% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.Based on the latest available data, COCO has gained about 1.1% so far this year. In comparison, Consumer Staples companies have returned an average of -0.3%. As we can see, Vita Coco Company, Inc. is performing better than its sector in the calendar year.ThredUp (TDUP) is another Consumer Staples stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 76.3%.Over the past three months, ThredUp's consensus EPS estimate for the current year has increased 18.2%. The stock currently has a Zacks Rank #2 (Buy).Looking more specifically, Vita Coco Company, Inc. belongs to the Beverages - Soft drinks industry, which includes 16 individual stocks and currently sits at #187 in the Zacks Industry Rank. On average, stocks in this group have lost 0.8% this year, meaning that COCO is performing better in terms of year-to-date returns.ThredUp, however, belongs to the Consumer Products - Staples industry. Currently, this 30-stock industry is ranked #160. The industry has moved -1% so far this year.Vita Coco Company, Inc. and ThredUp could continue their solid performance, so investors interested in Consumer Staples stocks should continue to pay close attention to these stocks.Free Today: Profiting from The Future’s Brightest Energy SourceThe demand for electricity is growing exponentially. At the same time, we’re working to reduce our dependence on fossil fuels like oil and natural gas. Nuclear energy is an ideal replacement.Leaders from the US and 21 other countries recently committed to TRIPLING the world’s nuclear energy capacities. This aggressive transition could mean tremendous profits for nuclear-related stocks – and investors who get in on the action early enough.Our urgent report, Atomic Opportunity: Nuclear Energy's Comeback, explores the key players and technologies driving this opportunity, including 3 standout stocks poised to benefit the most.Download Atomic Opportunity: Nuclear Energy's Comeback free today.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Vita Coco Company, Inc. (COCO): Free Stock Analysis Report ThredUp Inc. (TDUP): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks