Group 1 - Local Bounti Corporation (LOCL) is a notable stock within the Consumer Staples sector, which consists of 177 individual stocks and holds a Zacks Sector Rank of 9 [2] - LOCL currently has a Zacks Rank of 2 (Buy), indicating a positive earnings outlook based on earnings estimates and revisions [3] - The Zacks Consensus Estimate for LOCL's full-year earnings has increased by 30.4% in the past quarter, reflecting improved analyst sentiment and a stronger earnings outlook [4] Group 2 - Year-to-date, LOCL has returned approximately 13.5%, outperforming the Consumer Staples sector's average return of 4.9% [4] - Local Bounti Corporation is part of the Agriculture - Operations industry, which includes 14 stocks and is currently ranked 76 in the Zacks Industry Rank, while this industry has seen an average loss of 1.6% this year [6] - In comparison, Nomad Foods (NOMD), another stock in the Consumer Staples sector, has a year-to-date return of 15.7% and belongs to the Food - Miscellaneous industry, which is ranked 83 and has declined by 4% this year [5][6]
Has Local Bounti (LOCL) Outpaced Other Consumer Staples Stocks This Year?