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Has New Age Beverage (NBEV) Outpaced Other Consumer Staples Stocks This Year?

Zacks Equity Research
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Investors interested in Consumer Staples stocks should always be looking to find the best-performing companies in the group. Has New Age Beverage (NBEV) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.

New Age Beverage is one of 166 companies in the Consumer Staples group. The Consumer Staples group currently sits at #8 within the Zacks Sector Rank. 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. NBEV is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for NBEV's full-year earnings has moved 1,500% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

According to our latest data, NBEV has moved about 5.96% on a year-to-date basis. Meanwhile, stocks in the Consumer Staples group have gained about 14.84% on average. As we can see, New Age Beverage is performing better than its sector in the calendar year.

Breaking things down more, NBEV is a member of the Beverages - Soft drinks industry, which includes 18 individual companies and currently sits at #195 in the Zacks Industry Rank. On average, stocks in this group have gained 8.48% this year, meaning that NBEV is slightly underperforming its industry in terms of year-to-date returns.

NBEV will likely be looking to continue its solid performance, so investors interested in Consumer Staples stocks should continue to pay close attention to the company.


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