Rank: Danone Outperforms Peers in the Consumer Staples Sector
Source: dairynews.today
An analysis of Danone's stock performance reveals it is outpacing its peers within the Consumer Staples sector, driven by positive market dynamics and earnings growth.
The Consumer Staples sector features a vast array of companies, with 177 individual stocks ranking collectively at #13 in the Zacks Sector Rank.
Danone (DANOY), a notable player in this sector, currently boasts a Zacks Rank of #2 (Buy).
Over the last 90 days, analysts have increased the consensus estimate for Danone's full-year earnings by 1.3%, indicating a positive outlook for the company. Year-to-date, Danone's stock has appreciated by approximately 18.5%, outperforming the average 7.9% gain in the broader Consumer Staples sector.
Similarly, HF Foods Group Inc. (HFFG) demonstrates a strong performance, returning 24% since the beginning of the year. Their consensus EPS estimate for the current year has risen by 16.3% over the past quarter, also earning a Zacks Rank of #2 (Buy).
Danone, alongside HF Foods Group Inc., belongs to the Food - Miscellaneous industry, which ranks #178 on the Zacks Industry Rank and has seen an average decline of 1.7% this year, making Danone's performance particularly noteworthy.
Given these dynamics, investors with an interest in the Consumer Staples sector should monitor these companies as potential outperformers in the months ahead.
Danone (DANOY), a notable player in this sector, currently boasts a Zacks Rank of #2 (Buy).
Over the last 90 days, analysts have increased the consensus estimate for Danone's full-year earnings by 1.3%, indicating a positive outlook for the company. Year-to-date, Danone's stock has appreciated by approximately 18.5%, outperforming the average 7.9% gain in the broader Consumer Staples sector.
Similarly, HF Foods Group Inc. (HFFG) demonstrates a strong performance, returning 24% since the beginning of the year. Their consensus EPS estimate for the current year has risen by 16.3% over the past quarter, also earning a Zacks Rank of #2 (Buy).
Danone, alongside HF Foods Group Inc., belongs to the Food - Miscellaneous industry, which ranks #178 on the Zacks Industry Rank and has seen an average decline of 1.7% this year, making Danone's performance particularly noteworthy.
Given these dynamics, investors with an interest in the Consumer Staples sector should monitor these companies as potential outperformers in the months ahead.
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