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Is Flowers Foods (FLO) Outperforming Other Consumer Staples Stocks This Year?

Zacks Equity Research
·2 min read

Investors focused on the Consumer Staples space have likely heard of Flowers Foods (FLO), but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Staples sector should help us answer this question.

Flowers Foods is one of 174 companies in the Consumer Staples group. The Consumer Staples group currently sits at #4 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. FLO is currently sporting a Zacks Rank of #2 (Buy).

Over the past three months, the Zacks Consensus Estimate for FLO's full-year earnings has moved 4.47% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

According to our latest data, FLO has moved about 6.76% on a year-to-date basis. In comparison, Consumer Staples companies have returned an average of -8.50%. As we can see, Flowers Foods is performing better than its sector in the calendar year.

Looking more specifically, FLO belongs to the Food - Miscellaneous industry, a group that includes 43 individual stocks and currently sits at #40 in the Zacks Industry Rank. On average, this group has lost an average of 3.32% so far this year, meaning that FLO is performing better in terms of year-to-date returns.

FLO 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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