The Consumer Staples sector includes many great stocks, but investors should always look for companies that are outperforming their peers. Has Clorox (CLX) been one of those stocks this year? Let’s take a quick look at the company’s year-to-date performance compared to the rest of the Consumer Staples sector to find out.
Clorox is part of the Consumer Staples sector, which includes 194 individual stocks and currently holds a Zacks Sector Rank of #13. The Zacks Sector Rank considers 16 different sector groups, with sectors listed from best to worst based on the average Zacks Rank of individual stocks within the groups.
Clorox currently has a Zacks Rank of #2 (Buy), which is a positive sign. The Zacks Consensus Estimate for CLX’s full-year earnings has increased by 20.6% in the past quarter, indicating improved analyst sentiment and a stronger earnings outlook for the company.
So far this year, CLX has returned 5.2%, outperforming the Consumer Staples group, which has gained about 2.3% on average. General Mills (GIS) is another Consumer Staples stock that has outperformed the sector, with a return of 4.9% since the beginning of the year.
Clorox belongs to the Soap and Cleaning Materials industry, which includes 7 companies and currently sits at #40 in the Zacks Industry Rank. This industry has gained an average of 8.1% so far this year, slightly outperforming CLX in this area.
On the other hand, General Mills falls under the Food – Miscellaneous industry, which has 45 stocks and is ranked #65. The industry has moved up by 5.2% since the beginning of the year.
Investors interested in the Consumer Staples sector may want to keep an eye on Clorox and General Mills as they continue their solid performance.