Is e.l.f. Are Beauty (ELF Stocks Outpacing Its Consumer Staples Partners This Year?
Investors who are interested in Consumer Staples stocks need to always look for the most profitable companies within the group. e.l.f. Beauty (ELF), is a stock that will certainly attract investors’ attention. But, how does its recent performance compare with the rest of the sector? Let’s examine the stock’s year to date performance to discover more.
e.l.f. Beauty is just one of the 200 stocks within the Consumer Staples section. These companies are ranked #1 in the Zacks Sector Ranking. The Zacks Sector rank considers 16 sector groups. The Zacks Ranks of individual stocks within each group are measured and listed in order from worst to best.
Zacks Rank, a proven system that highlights earnings estimates and revisions, highlights stocks that have the potential to outperform the market in the next one to three month. e.l.f. Beauty currently has a Zacks Rank #1 (Strong Buy).
The Zacks Consensus Estimate of ELF’s full year earnings rose 22.3% in the last quarter. This is an indication of positive earnings outlook and improving analyst sentiment.
ELF has so far returned 67.7% this year, according to the latest data. The Consumer Staples sector, on an annual basis, has returned an average 2.1%. This shows that e.l.f. This shows that beauty is outperforming its peers this year.
MGP (MGPI) is another Consumer Staples stock that has outperformed this sector thus far in 2018. The stock has returned 27.5% so far in the year.
MGP’s consensus EPS estimate for this year has increased 1.9% in the last three months. The stock currently has a Zacks Rank of #2 (Buy).
You can find more information at e.l.f. Beauty is part of the Cosmetics Industry, which currently ranks at #40 on the Zacks Industry Rank. ELF has been performing better in this category in terms of year to date returns, as stocks in this group have suffered a loss of 39.3%.
MGP belongs to the Food and Miscellaneous industry. This 50-stock industry currently ranks #54. The industry moved +5% this year.
Investors who are interested in Consumer Staples stocks can continue to follow e.l.f. Beauty and MGP. These stocks will continue to perform well.
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e.l.f. Beauty (ELF) : Free Stock Analysis Report
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