5 Consumer Staples Stocks To Bet On This Earnings Season

You may bet on Dean Foods Company (DF - Analyst Report) , which processes and distributes milk, and other dairy and dairy case products in the United States. The stock carries a Zacks Rank #1 and has an Earnings ESP of +2.56%. The Zacks Consensus Estimate for the second quarter of 2016 stands at 38 cents a share. This Dallas, TX-based company delivered an average positive earnings surprise of 17.81% over the trailing four quarters and has a long-term earnings growth rate of 12.00%. The company is slated to report results on Aug 8.

Investors can also count on Inter Parfums Inc. (IPAR - Snapshot Report) , which is a worldwide provider of prestige perfumes and mass market perfumes and cosmetics. The stock holds a Zacks Rank #1 and has an Earnings ESP of +5.26%. The Zacks Consensus Estimate for the second quarter of 2016 stands at 19 cents a share.

The company registered an average negative earnings surprise of 5.37% over the trailing four quarters, and has a long-term earnings growth rate of 15.00%. The company is expected to report results on Aug 9.

We also suggest investing in food manufacturer B&G Foods, Inc. (BGS - Snapshot Report) . Based in Parsippany, NJ, B&G Foods carries a Zacks Rank #1 and has an Earnings ESP of +1.92%. The Zacks Consensus Estimate for the third quarter of 2016 stands at 52 cents a share. The stock has a long-term earnings growth rate of 10.25%. The company is expected to report results on Oct 25.

Orrville, OH -based The J. M. Smucker Co. (SJM - Analyst Report) can also be an attractive stock for investors. This food and beverage company has a Zacks Rank #1 and an Earnings ESP of +4.07%. The Zacks Consensus Estimate for the second quarter of 2016 stands at $1.72 a share. The stock has a long-term earnings growth rate of 8.36%. The company is expected to report results on Aug 25.

Another beverage company that can add value to the portfolio is Constellation Brands Inc. (STZ - Analyst Report). The company registered an average positive earnings surprise of 8.89% over the trailing four quarters. Currently, it has a Zacks Rank #2 and an Earnings ESP of +0.60%. The Zacks Consensus Estimate for the second quarter of fiscal 2017 stands at $1.66 a share. The stock has a long-term earnings growth rate of 16.34%. The company is expected to report results on Oct 5.

Bottom Line

We believe that investing in these companies, which have an earnings beat potential, should yield strong returns for your portfolio in the short term.

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