Is Danone (DANOY) 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. Danone (DANOY) 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? 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.Danone is one of 177 companies in the Consumer Staples group. The Consumer Staples group currently sits at #8 within 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 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. Danone is currently sporting a Zacks Rank of #1 (Strong Buy).Over the past three months, the Zacks Consensus Estimate for DANOY's full-year earnings has moved 6.4% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.Based on the latest available data, DANOY has gained about 25.2% so far this year. Meanwhile, the Consumer Staples sector has returned an average of 7.3% on a year-to-date basis. This shows that Danone is outperforming its peers so far this year.One other Consumer Staples stock that has outperformed the sector so far this year is HF FOODS GROUP INC. (HFFG). The stock is up 24.3% year-to-date.The consensus estimate for HF FOODS GROUP INC.'s current year EPS has increased 16.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).Breaking things down more, Danone is a member of the Food - Miscellaneous industry, which includes 41 individual companies and currently sits at #148 in the Zacks Industry Rank. On average, stocks in this group have lost 0.9% this year, meaning that DANOY is performing better in terms of year-to-date returns. HF FOODS GROUP INC. is also part of the same industry.Investors with an interest in Consumer Staples stocks should continue to track Danone and HF FOODS GROUP INC. These stocks will be looking to continue their solid performance.7 Best Stocks for the Next 30 DaysJust released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.9% per year. So be sure to give these hand picked 7 your immediate attention. See them now >>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 Danone (DANOY): Free Stock Analysis Report HF FOODS GROUP INC. (HFFG): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks