Advertisement
U.S. markets close in 5 hours 16 minutes
  • S&P 500

    5,253.68
    +5.19 (+0.10%)
     
  • Dow 30

    39,744.19
    -15.89 (-0.04%)
     
  • Nasdaq

    16,406.03
    +6.51 (+0.04%)
     
  • Russell 2000

    2,122.70
    +8.35 (+0.40%)
     
  • Crude Oil

    82.32
    +0.97 (+1.19%)
     
  • Gold

    2,229.90
    +17.20 (+0.78%)
     
  • Silver

    24.78
    +0.03 (+0.11%)
     
  • EUR/USD

    1.0811
    -0.0019 (-0.17%)
     
  • 10-Yr Bond

    4.2020
    +0.0060 (+0.14%)
     
  • dólar/libra

    1.2642
    +0.0004 (+0.03%)
     
  • USD/JPY

    151.2320
    -0.0140 (-0.01%)
     
  • Bitcoin USD

    71,282.17
    +1,187.07 (+1.69%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,959.64
    +27.66 (+0.35%)
     
  • Nikkei 225

    40,168.07
    -594.66 (-1.46%)
     

Is Adecoagro (AGRO) 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 Adecoagro (AGRO) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.

Adecoagro is a member of the Consumer Staples sector. This group includes 194 individual stocks and currently holds a Zacks Sector Rank of #13. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.

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. Adecoagro is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for AGRO's full-year earnings has moved 6% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

According to our latest data, AGRO has moved about 17.3% on a year-to-date basis. Meanwhile, stocks in the Consumer Staples group have lost about 2.1% on average. This means that Adecoagro is performing better than its sector in terms of year-to-date returns.

Pilgrim's Pride (PPC) is another Consumer Staples stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 6.6%.

Over the past three months, Pilgrim's Pride's consensus EPS estimate for the current year has increased 36.3%. The stock currently has a Zacks Rank #1 (Strong Buy).

Looking more specifically, Adecoagro belongs to the Agriculture - Operations industry, which includes 13 individual stocks and currently sits at #84 in the Zacks Industry Rank. On average, this group has gained an average of 13.9% so far this year, meaning that AGRO is performing better in terms of year-to-date returns.

In contrast, Pilgrim's Pride falls under the Food - Meat Products industry. Currently, this industry has 6 stocks and is ranked #21. Since the beginning of the year, the industry has moved -6.1%.

Investors interested in the Consumer Staples sector may want to keep a close eye on Adecoagro and Pilgrim's Pride as they attempt to continue their solid performance.


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
 
To read this article on Zacks.com click here.

Advertisement