Company Performance - Ingredion has returned 16.8% year-to-date, significantly outperforming the average gain of 5.5% in the Consumer Staples group [4] - The Zacks Consensus Estimate for Ingredion's full-year earnings has increased by 2% over the past 90 days, indicating improving analyst sentiment [3] - Ingredion is currently ranked 2 (Buy) in the Zacks Rank system, suggesting a favorable outlook for the stock [3] Industry Context - Ingredion belongs to the Food - Miscellaneous industry, which has seen an average loss of 0.2% this year, highlighting Ingredion's strong performance relative to its peers [5] - The Consumer Staples group consists of 184 companies, with Ingredion ranked 14 in the Zacks Sector Rank, reflecting its competitive position within the sector [2] - Another outperforming stock in the Consumer Staples sector is New York Times Co., which has gained 9.6% year-to-date [4]
Are Consumer Staples Stocks Lagging Ingredion (INGR) This Year?