Investors looking for strong performing Consumer Staples stocks may want to consider Coca-Cola European (CCEP). As one of 193 individual stocks in the Consumer Staples sector, CCEP is currently ranked #13 in the Zacks Sector Rank. The Zacks Rank system, which evaluates earnings estimate revisions, gives Coca-Cola European a favorable ranking of #2 (Buy).
Over the past three months, analysts have become more optimistic about CCEP’s earnings, with a 1.8% increase in the Zacks Consensus Estimate for full-year earnings. Year-to-date, CCEP has seen a 2.4% increase, outperforming the average return of 1.2% for the Consumer Staples sector.
Another strong performer in the Consumer Staples sector is Coca-Cola HBC (CCHGY), with a year-to-date return of 5.9%. Like CCEP, Coca-Cola HBC has also seen positive growth in EPS estimates, with a 5.3% increase over the past three months.
Both Coca-Cola European and Coca-Cola HBC belong to the Beverages – Soft drinks industry, which is currently ranked #38 in the Zacks Industry Rank. Despite the industry’s 1.2% year-to-date return, both CCEP and CCHGY are performing better than their industry peers.
Investors interested in Consumer Staples stocks should keep an eye on Coca-Cola European and Coca-Cola HBC as they continue to show strong performance in the market.