Workflow
Are Consumer Staples Stocks Lagging Adecoagro (AGRO) This Year?
Adecoagro S.A.Adecoagro S.A.(US:AGRO) Zacks Investment Researchยท2024-04-11 14:46

Company Performance - Adecoagro (AGRO) has gained approximately 5.2% year-to-date, outperforming the average loss of 0.3% in the Consumer Staples sector [2] - The Zacks Consensus Estimate for AGRO's full-year earnings has increased by 6.9% over the past quarter, indicating stronger analyst sentiment and an improving earnings outlook [2] - Adecoagro currently holds a Zacks Rank of 1 (Strong Buy), suggesting it has favorable characteristics to outperform the market in the near term [1] Industry Context - Adecoagro is part of the Agriculture - Operations industry, which consists of 16 companies and is currently ranked 236 in the Zacks Industry Rank, with an average loss of 2.2% this year [3] - In contrast, B&G Foods (BGS), another Consumer Staples stock, is part of the Food - Miscellaneous industry, which has gained 1.5% this year and is ranked 151 [3] - Investors in the Consumer Staples sector may find Adecoagro and B&G Foods noteworthy for their solid performance relative to their respective industries [3]