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Is New Age Beverage (NBEV) Stock Outpacing Its Consumer Staples Peers This Year?

Zacks Equity Research

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 New Age Beverage (NBEV) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.

New Age Beverage is a member of our Consumer Staples group, which includes 165 different companies and currently sits at #12 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

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. NBEV is currently sporting a Zacks Rank of #2 (Buy).

Over the past 90 days, the Zacks Consensus Estimate for NBEV's full-year earnings has moved 187.50% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

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Based on the most recent data, NBEV has returned 3.27% so far this year. In comparison, Consumer Staples companies have returned an average of 15.59%. This means that New Age Beverage is outperforming the sector as a whole this year.

To break things down more, NBEV belongs to the Beverages - Soft drinks industry, a group that includes 18 individual companies and currently sits at #176 in the Zacks Industry Rank. On average, this group has gained an average of 11.27% so far this year, meaning that NBEV is slightly underperforming its industry in terms of year-to-date returns.

NBEV will likely be looking to continue its solid performance, so investors interested in Consumer Staples stocks should continue to pay close attention to the company.


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Zacks Investment Research