Is Vita Coco Company (COCO) Outperforming Other Consumer Staples Stocks This Year?

Investors interested in Consumer Staples stocks should always be looking to find the best-performing companies in the group. Is Vita Coco Company, Inc. (COCO) 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.Vita Coco Company, Inc. is one of 183 companies in the Consumer Staples group. The Consumer Staples group currently sits at #14 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.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. Vita Coco Company, Inc. is currently sporting a Zacks Rank of #1 (Strong Buy).Over the past three months, the Zacks Consensus Estimate for COCO's full-year earnings has moved 3.4% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.Based on the most recent data, COCO has returned 26.2% so far this year. At the same time, Consumer Staples stocks have lost an average of 1.4%. As we can see, Vita Coco Company, Inc. is performing better than its sector in the calendar year.Another Consumer Staples stock, which has outperformed the sector so far this year, is Ollie's Bargain Outlet (OLLI). The stock has returned 10.8% year-to-date.For Ollie's Bargain Outlet, the consensus EPS estimate for the current year has increased 2.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).To break things down more, Vita Coco Company, Inc. belongs to the Beverages - Soft drinks industry, a group that includes 18 individual companies and currently sits at #83 in the Zacks Industry Rank. This group has gained an average of 7.4% so far this year, so COCO is performing better in this area. Ollie's Bargain Outlet, however, belongs to the Consumer Products - Staples industry. Currently, this 36-stock industry is ranked #186. The industry has moved -13.2% so far this year.Vita Coco Company, Inc. and Ollie's Bargain Outlet could continue their solid performance, so investors interested in Consumer Staples stocks should continue to pay close attention to these stocks.#1 Semiconductor Stock to Buy (Not NVDA)The incredible demand for data is fueling the market's next digital gold rush. As data centers continue to be built and constantly upgraded, the companies that provide the hardware for these behemoths will become the NVIDIAs of tomorrow.One under-the-radar chipmaker is uniquely positioned to take advantage of the next growth stage of this market. It specializes in semiconductor products that titans like NVIDIA don't build. It's just beginning to enter the spotlight, which is exactly where you want to be.See This Stock Now for Free >>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 Vita Coco Company, Inc. (COCO): Free Stock Analysis Report Ollie's Bargain Outlet Holdings, Inc. (OLLI): 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