The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Barclays (BCS) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Finance peers, we might be able to answer that question. Barclays is a member of the Finance sector. This group includes 867 individual stocks and currently holds a Zacks Sector Rank of #3. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group. The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Barclays is currently sporting a Zacks Rank of #2 (Buy). Over the past three months, the Zacks Consensus Estimate for BCS' full-year earnings has moved 31% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive. Based on the latest available data, BCS has gained about 17.5% so far this year. In comparison, Finance companies have returned an average of 2.3%. This means that Barclays is performing better than its sector in terms of year-to-date returns. Another Finance stock, which has outperformed the sector so far this year, is Banco Do Brasil SA (BDORY). The stock has returned 28% year-to-date. Over the past three months, Banco Do Brasil SA's consensus EPS estimate for the current year has increased 9.3%. The stock currently has a Zacks Rank #1 (Strong Buy). To break things down more, Barclays belongs to the Banks - Foreign industry, a group that includes 68 individual companies and currently sits at #47 in the Zacks Industry Rank. On average, stocks in this group have gained 12.1% this year, meaning that BCS is performing better in terms of year-to-date returns. Banco Do Brasil SA is also part of the same industry. Investors with an interest in Finance stocks should continue to track Barclays and Banco Do Brasil SA. These stocks will be looking to continue their solid performance. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Barclays PLC (BCS):Free Stock Analysis Report Banco Do Brasil SA (BDORY):Free Stock Analysis Report Story Continues This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research View Comments
Are Finance Stocks Lagging Barclays (BCS) This Year?
You are reading a free article with opinions that may differ from the recommendation given by Kalkine in its paid research reports. Become a Kalkine member today to get access to our research reports, in-depth technical and fundamental research. Learn more
Start Your Free Trial Now!Download Free Report – Explore 3 Stock Ideas & Industry Insights
Unlock 3 stock ideas and key industry insights in our free report. This information is general in nature and does not consider your personal objectives, financial situation, or needs. It is not financial advice.
All investments involve risk—consider independent advice before making any investment decisions.
View 3 Research ReportsThis information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on ‘as is’ basis, using their API. The information and data provided on this page, as well as via the API, are not guaranteed to be real-time or accurate. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general informational purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine does not assume any responsibility for any trading losses you might incur as a result of using this information, data, or any analyst rating or recommendation provided. Kalkine will not accept any liability for any loss or damage resulting from reliance on the information, including but not limited to data, quotes, charts, analyst ratings, recommendations, and buy/sell signals sourced via the API.
Please be fully informed about the risks and costs associated with trading in the financial markets, as it is one of the riskiest forms of investment. Kalkine does not provide any warranties regarding the information on this page, including, without limitation, warranties of merchantability or fitness for a particular purpose or use.
Please wait processing your request...