Are Consumer Staples Stocks Lagging Ambev (ABEV) This Year?

Investors interested in Consumer Staples stocks should always be looking to find the best-performing companies in the group. Is Ambev (ABEV) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Consumer Staples peers, we might be able to answer that question.Ambev is a member of our Consumer Staples group, which includes 183 different companies and currently sits at #14 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 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. Ambev is currently sporting a Zacks Rank of #2 (Buy).Over the past three months, the Zacks Consensus Estimate for ABEV's full-year earnings has moved 2.9% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.Our latest available data shows that ABEV has returned about 37.8% since the start of the calendar year. Meanwhile, the Consumer Staples sector has returned an average of -1.3% on a year-to-date basis. This means that Ambev is performing better than its sector in terms of year-to-date returns.Another Consumer Staples stock, which has outperformed the sector so far this year, is Chefs' Warehouse (CHEF). The stock has returned 19.5% year-to-date.Over the past three months, Chefs' Warehouse's consensus EPS estimate for the current year has increased 8.6%. The stock currently has a Zacks Rank #1 (Strong Buy).To break things down more, Ambev belongs to the Beverages - Alcohol industry, a group that includes 16 individual companies and currently sits at #170 in the Zacks Industry Rank. Stocks in this group have lost about 1.9% so far this year, so ABEV is performing better this group in terms of year-to-date returns. On the other hand, Chefs' Warehouse belongs to the Food - Miscellaneous industry. This 42-stock industry is currently ranked #193. The industry has moved -14% year to date.Ambev and Chefs' Warehouse could continue their solid performance, so investors interested in Consumer Staples stocks should continue to pay close attention to these stocks.Radical New Technology Could Hand Investors Huge GainsQuantum Computing is the next technological revolution, and it could be even more advanced than AI.While some believed the technology was years away, it is already present and moving fast. Large hyperscalers, such as Microsoft, Google, Amazon, Oracle, and even Meta and Tesla, are scrambling to integrate quantum computing into their infrastructure.Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power.Kevin was among the early experts who recognized NVIDIA's enormous potential back in 2016. Now, he has keyed in on what could be "the next big thing" in quantum computing supremacy. Today, you have a rare chance to position your portfolio at the forefront of this opportunity.See Top Quantum Stocks Now >>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 Ambev S.A. (ABEV): Free Stock Analysis Report The Chefs' Warehouse, Inc. (CHEF): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks