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Is General Mills (GIS) Stock Outpacing Its Consumer Staples Peers This Year?

Zacks Equity Research
Consolidated Water (CWCO) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

The Consumer Staples group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has General Mills (GIS) been one of those stocks this year? 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.

General Mills is one of 166 companies in the Consumer Staples group. The Consumer Staples group currently sits at #5 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 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. GIS is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for GIS's full-year earnings has moved 1.98% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

According to our latest data, GIS has moved about 30.64% on a year-to-date basis. Meanwhile, stocks in the Consumer Staples group have gained about 15.08% on average. This means that General Mills is performing better than its sector in terms of year-to-date returns.

To break things down more, GIS belongs to the Food - Miscellaneous industry, a group that includes 40 individual companies and currently sits at #97 in the Zacks Industry Rank. On average, stocks in this group have gained 11.17% this year, meaning that GIS is performing better in terms of year-to-date returns.

Investors in the Consumer Staples sector will want to keep a close eye on GIS as it attempts to continue its solid performance.


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