Markets have become extremely volatile lately as investors await news from the Fed regarding an interest rate decision. This has led to big market sell-offs and it has forced investors to reconsider safe haven securities once more. One such stock that has come back into focus thanks to this shift is Campbell Soup (CPB – Analyst Report).

After all, what could be safer than a soup stock in today’s market environment? CPB has a beta of just 0.47 while roughly 80% of the company’s sales come from the domestic market, leaving it with relatively low exposure levels to foreign woes which could be very important today given all the trouble overseas.

But this relative safety isn’t the only reason to like CPB today, as the stock has also seen some pretty impressive growth characteristics when compared to its peers, while it also in a great position if you look to recent earnings estimate revisions as well.

Recent Estimates

While soup might have a reputation as a boring business, CPB actually is sporting a pretty robust growth rate. In fact, current rates suggest 14% earnings growth this year including nearly 10% growth for this quarter (when compared to the year ago period).

These lofty growth projections have certainly been assisted by recent earnings estimate revisions as these changes from analysts have bumped up expectations. In just the past month, the current year EPS consensus has gone from $2.60/share to $2.81/share as nine estimates have moved higher compared to zero lower. We see similar trends of agreement in other time periods too, suggesting that most analysts are getting more bullish on the Campbell story.

Investors should also add in a nice track record of beating estimates including an average beat of 12.6% over the past four quarters and a streak of beats or meets since late 2013. No wonder CPB has earned itself a Zacks Rank #1 (Strong Buy) which is a level that only the top 5% of securities reach at any one time.