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Is Coca-Cola (KO) Outperforming Other Consumer Staples Stocks This Year?

Zacks Equity Research
Ferro (FOE) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Investors interested in Consumer Staples stocks should always be looking to find the best-performing companies in the group. Is Coca-Cola (KO) one of those stocks right now? 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.

Coca-Cola is one of 165 companies in the Consumer Staples group. The Consumer Staples group currently sits at #14 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.

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

Over the past 90 days, the Zacks Consensus Estimate for KO's full-year earnings has moved 0.23% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Our latest available data shows that KO has returned about 5.60% since the start of the calendar year. In comparison, Consumer Staples companies have returned an average of 14%. This means that Coca-Cola is performing better than its sector in terms of year-to-date returns.

Looking more specifically, KO belongs to the Beverages - Soft drinks industry, which includes 18 individual stocks and currently sits at #191 in the Zacks Industry Rank. This group has gained an average of 11.80% so far this year, so KO is slightly underperforming its industry in this area.

KO 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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