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Is Givaudan (GVDNY) Stock Outpacing Its Basic Materials Peers This Year?
GVDNYGivaudan(GVDNY) ZACKS·2024-11-07 15:45

Company Performance - Givaudan SA (GVDNY) has shown a year-to-date return of 8.1%, significantly outperforming the Basic Materials sector average return of 0.1% [4] - The Zacks Consensus Estimate for GVDNY's full-year earnings has increased by 2.3% over the past three months, indicating improving analyst sentiment [4] - GVDNY currently holds a Zacks Rank of 2 (Buy), reflecting a positive earnings outlook [3] Industry Comparison - Givaudan SA operates in the Chemical - Specialty industry, which has seen an average year-to-date loss of 12.6% among its 33 companies [6] - Intrepid Potash (IPI) belongs to the Fertilizers industry, which has experienced a 15.5% decline year-to-date among its 8 stocks [6] - The Basic Materials sector, comprising 235 stocks, currently holds a Zacks Sector Rank of 9 [2] Peer Performance - Intrepid Potash (IPI) has returned 12.4% year-to-date, outperforming both the Basic Materials sector and its industry [5] - IPI's consensus EPS estimate for the current year has increased by 50% over the past three months [5] - Both GVDNY and IPI currently hold a Zacks Rank of 2 (Buy), indicating strong potential for continued performance [3][5]