Is Mission Produce (AVO) Stock Outpacing Its Consumer Staples Peers This Year?

The Consumer Staples group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Mission Produce, Inc. (AVO) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.Mission Produce, Inc. is one of 180 individual stocks in the Consumer Staples sector. Collectively, these companies sit at #14 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 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. Mission Produce, Inc. is currently sporting a Zacks Rank of #2 (Buy).Within the past quarter, the Zacks Consensus Estimate for AVO's full-year earnings has moved 57.5% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.According to our latest data, AVO has moved about 16% on a year-to-date basis. Meanwhile, the Consumer Staples sector has returned an average of 3% on a year-to-date basis. As we can see, Mission Produce, Inc. is performing better than its sector in the calendar year.One other Consumer Staples stock that has outperformed the sector so far this year is Mama's Creations, Inc. (MAMA). The stock is up 10.5% year-to-date.For Mama's Creations, Inc., the consensus EPS estimate for the current year has increased 18.2% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).To break things down more, Mission Produce, Inc. belongs to the Agriculture - Operations industry, a group that includes 13 individual companies and currently sits at #54 in the Zacks Industry Rank. On average, this group has gained an average of 11.2% so far this year, meaning that AVO is performing better in terms of year-to-date returns. On the other hand, Mama's Creations, Inc. belongs to the Food - Miscellaneous industry. This 42-stock industry is currently ranked #178. The industry has moved -18.3% year to date.Going forward, investors interested in Consumer Staples stocks should continue to pay close attention to Mission Produce, Inc. and Mama's Creations, Inc. as they could maintain their solid performance.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 Mission Produce, Inc. (AVO): Free Stock Analysis Report Mama's Creations, Inc. (MAMA): 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