Investors intrigued by the Consumer Staples realm are always on the lookout for high-performing companies. Enter BRC Inc. BRCC. While this stock may catch the eyes of many, the burning question remains: how does its recent performance stack up against its sector peers? Comparing its year-to-date returns with the Consumer Staples group might just shed some light on the matter.
Being one of 194 players in the Consumer Staples aggregation, BRC Inc. finds itself at #13 within the Zacks Sector Rank. This sector ranking, amongst 16 different groups, evaluates the average Zacks Rank of all stocks within the sector to ascertain the strength of each group.
Dubbed the Zacks Rank, this system emphasizes earnings estimates and revisions to identify stocks with improving earnings projections. Historically successful, such stocks usually outpace the market over the next one to three months. At present, BRC Inc. proudly flaunts a Zacks Rank of #1 (Strong Buy).
Over the past quarter, the Zacks Consensus Estimate for BRCC’s annual earnings has skyrocketed by 36.7%. This surge signifies increased analyst confidence and a brighter earnings forecast for the stock.
According to recent data, BRCC has yielded a robust 17.1% return thus far in the year. In comparison, Consumer Staples stocks, on average, have only managed a 3.3% uptick. Consequently, BRC Inc. is clearly outperforming its sector in the current calendar year.
Another standout in the Consumer Staples arena that has surpassed the sector this year is Tyson Foods TSN, boasting a 9.4% year-to-date surge.
For Tyson Foods, the consensus EPS estimate for the current year has grown by a notable 24.1% in the past three months, earning the stock a Zacks Rank #2 (Buy).
Delving deeper, BRC Inc. falls under the Consumer Products – Staples category, housing 31 entities and sitting at an Industry Rank of #158 within Zacks. Regrettably, this group has suffered an average decline of 0.6% thus far this year, underscoring BRCC’s exceptional year-to-date performance.
In stark contrast, Tyson Foods operates in the Food – Meat Products domain. Presently, this sector comprises 5 stocks and is ranked #7, enjoying an industry-wide surge of +11.2% since the year began.
For investors with a vested interest in the Consumer Staples sphere, keeping a vigilant watch over BRCC Inc. and Tyson Foods seems prudent, as they strive to extend their stellar performances.