When it comes to investing in Consumer Staples stocks, discerning investors always keep an eye out for standout performers in the sector. BRC Inc. BRCC is a stock that has piqued the interest of many, but how does its recent performance stack up against the competition in the broader sector? By analyzing its year-to-date returns compared to its peers, we can delve deeper into this question.
BRC Inc. is part of the Consumer Staples group, which currently ranks at #13 within the Zacks Sector Rank. This ranking system evaluates 16 different groups, assessing the average Zacks Rank of individual stocks within each sector to determine the relative strength of the groups.
The Zacks Rank places a strong emphasis on earnings estimates and estimate revisions to identify stocks with improving earnings outlooks. Known for its track record of success, stocks with a high Zacks Rank are typically positioned to outperform the market over the next one to three months. At present, BRC Inc. boasts a Zacks Rank of #1 (Strong Buy).
Over the past quarter, the Zacks Consensus Estimate for BRCC’s full-year earnings has surged by 36.7%. This indicates a greater level of confidence among analysts, signaling an improved outlook for the stock’s earnings.
As of the latest data, BRCC has delivered a year-to-date return of 17.1%. In comparison, Consumer Staples stocks on average have garnered gains of about 3.3% during the same period. Evidently, BRC Inc. is displaying a stronger performance than its peers within the sector this year.
Another notable Consumer Staples stock that has surpassed the sector’s performance thus far in 2024 is Tyson Foods TSN, with a YTD increase of 9.4%.
For Tyson Foods, the consensus EPS estimate for the current year has risen by 24.1% over the past three months. The stock currently holds a Zacks Rank of #2 (Buy).
Diving deeper into the classifications, BRC Inc. operates within the Consumer Products – Staples industry, which encompasses 31 individual companies and presently ranks at #158 in the Zacks Industry Rank. On average, this group has experienced a minor decline of 0.6% since the beginning of the year, underscoring BRCC’s superior year-to-date performance.
In stark contrast, Tyson Foods is situated in the Food – Meat Products industry, with 5 stocks under its umbrella and a rank of #7. Since the start of the year, this sector has surged by +11.2%.
For investors eyeing the Consumer Staples sector closely, paying attention to the trajectory of BRC Inc. and Tyson Foods could prove to be a rewarding endeavor as both companies strive to maintain their resilient performance.
