Are Consumer Staples Stocks Lagging Coca-Cola HBC (CCHGY) This Year?

The Consumer Staples group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Coca-Cola HBC (CCHGY) 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 HBC is one of 180 individual stocks in the Consumer Staples sector. Collectively, these companies sit at #16 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. Coca-Cola HBC is currently sporting a Zacks Rank of #2 (Buy).Over the past three months, the Zacks Consensus Estimate for CCHGY's full-year earnings has moved 11.6% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.Based on the latest available data, CCHGY has gained about 49.1% so far this year. In comparison, Consumer Staples companies have returned an average of 3.2%. This shows that Coca-Cola HBC is outperforming its peers so far this year.Chefs' Warehouse (CHEF) is another Consumer Staples stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 31.5%.Over the past three months, Chefs' Warehouse's consensus EPS estimate for the current year has increased 8%. The stock currently has a Zacks Rank #1 (Strong Buy).Breaking things down more, Coca-Cola HBC is a member of the Beverages - Soft drinks industry, which includes 17 individual companies and currently sits at #201 in the Zacks Industry Rank. This group has gained an average of 2.3% so far this year, so CCHGY is performing better in this area. On the other hand, Chefs' Warehouse belongs to the Food - Miscellaneous industry. This 42-stock industry is currently ranked #169. The industry has moved -6.3% year to date.Going forward, investors interested in Consumer Staples stocks should continue to pay close attention to Coca-Cola HBC and Chefs' Warehouse as they could maintain their solid performance.Quantum Computing Stocks Set To SoarArtificial intelligence has already reshaped the investment landscape, and its convergence with quantum computing could lead to the most significant wealth-building opportunities of our time.Today, you have a chance to position your portfolio at the forefront of this technological revolution. In our urgent special report, Beyond AI: The Quantum Leap in Computing Power, you'll discover the little-known stocks we believe will win the quantum computing race and deliver massive gains to early investors.Access the Report Free 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 Coca-Cola HBC (CCHGY): 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