Investors focused on the Consumer Staples space have likely heard of General Mills (GIS), but is the stock performing well in comparison to the rest of its sector peers? By taking a look at the stock's year-to-date performance in comparison to its Consumer Staples peers, we might be able to answer that question.
General Mills is a member of our Consumer Staples group, which includes 166 different companies and currently sits at #8 in 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 #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for GIS's full-year earnings has moved 1.98% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, GIS has gained about 32.90% so far this year. At the same time, Consumer Staples stocks have gained an average of 14.79%. This means that General Mills is outperforming the sector as a whole this year.
Looking more specifically, GIS belongs to the Food - Miscellaneous industry, which includes 40 individual stocks and currently sits at #96 in the Zacks Industry Rank. Stocks in this group have gained about 11.25% so far this year, so GIS is performing better this group in terms of year-to-date returns.
GIS will likely be looking to continue its solid performance, so investors interested in Consumer Staples stocks should continue to pay close attention to the company.
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General Mills, Inc. (GIS) : Free Stock Analysis Report
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