Is The New York Times Company (NYT) Outperforming Other Consumer Staples Stocks This Year?

Investors interested in Consumer Staples stocks should always be looking to find the best-performing companies in the group. Has New York Times Co. (NYT) 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.New York Times Co. is a member of the Consumer Staples sector. This group includes 181 individual stocks and currently holds a Zacks Sector Rank of #13. 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 model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. New York Times Co. is currently sporting a Zacks Rank of #2 (Buy).Within the past quarter, the Zacks Consensus Estimate for NYT's full-year earnings has moved 0.3% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.Our latest available data shows that NYT has returned about 0.1% since the start of the calendar year. In comparison, Consumer Staples companies have returned an average of -4.4%. This means that New York Times Co. is outperforming the sector as a whole this year.Another Consumer Staples stock, which has outperformed the sector so far this year, is United Natural Foods (UNFI). The stock has returned 3.4% year-to-date.Over the past three months, United Natural Foods' consensus EPS estimate for the current year has increased 19.2%. The stock currently has a Zacks Rank #1 (Strong Buy).Breaking things down more, New York Times Co. is a member of the Publishing - Newspapers industry, which includes 2 individual companies and currently sits at #218 in the Zacks Industry Rank. This group has gained an average of 9.5% so far this year, so NYT is slightly underperforming its industry in this area.On the other hand, United Natural Foods belongs to the Food - Miscellaneous industry. This 43-stock industry is currently ranked #203. The industry has moved -11.3% year to date.Going forward, investors interested in Consumer Staples stocks should continue to pay close attention to New York Times Co. and United Natural Foods as they could maintain their solid performance.Zacks Names #1 Semiconductor StockIt's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.See This Stock Now for Free >>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 The New York Times Company (NYT): Free Stock Analysis Report United Natural Foods, Inc. (UNFI): 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