Investors focused on the Consumer Staples space have likely heard of Newell Brands (NWL), but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of NWL and the rest of the Consumer Staples group's stocks.
Newell Brands is one of 180 individual stocks in the Consumer Staples sector. Collectively, these companies sit at #9 in 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. NWL is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for NWL's full-year earnings has moved 3.94% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that NWL has returned about 8.28% since the start of the calendar year. In comparison, Consumer Staples companies have returned an average of 17.26%. This means that Newell Brands is performing better than its sector in terms of year-to-date returns.
To break things down more, NWL belongs to the Consumer Products - Staples industry, a group that includes 16 individual companies and currently sits at #145 in the Zacks Industry Rank. On average, stocks in this group have lost 11.62% this year, meaning that NWL is performing better in terms of year-to-date returns.
Investors in the Consumer Staples sector will want to keep a close eye on NWL as it attempts to continue its solid performance.
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