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Are Finance Stocks Lagging RITHM CAP CP (RITM) This Year?
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For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Rithm (RITM - Free Report) 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? Let's take a closer look at the stock's year-to-date performance to find out.
Rithm is a member of our Finance group, which includes 869 different companies and currently sits at #2 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. Rithm is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for RITM's full-year earnings has moved 3.8% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, RITM has moved about 12.7% on a year-to-date basis. At the same time, Finance stocks have gained an average of 8.4%. This shows that Rithm is outperforming its peers so far this year.
Balfour Beatty PLC Sponsored ADR (BLFBY - Free Report) is another Finance stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 33.1%.
In Balfour Beatty PLC Sponsored ADR's case, the consensus EPS estimate for the current year increased 2.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Rithm belongs to the Financial - Miscellaneous Services industry, which includes 93 individual stocks and currently sits at #64 in the Zacks Industry Rank. On average, this group has gained an average of 3% so far this year, meaning that RITM is performing better in terms of year-to-date returns.
On the other hand, Balfour Beatty PLC Sponsored ADR belongs to the Real Estate - Operations industry. This 30-stock industry is currently ranked #71. The industry has moved +10.8% year to date.
Investors interested in the Finance sector may want to keep a close eye on Rithm and Balfour Beatty PLC Sponsored ADR as they attempt to continue their solid performance.
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Are Finance Stocks Lagging RITHM CAP CP (RITM) This Year?
For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Rithm (RITM - Free Report) 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? Let's take a closer look at the stock's year-to-date performance to find out.
Rithm is a member of our Finance group, which includes 869 different companies and currently sits at #2 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. Rithm is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for RITM's full-year earnings has moved 3.8% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, RITM has moved about 12.7% on a year-to-date basis. At the same time, Finance stocks have gained an average of 8.4%. This shows that Rithm is outperforming its peers so far this year.
Balfour Beatty PLC Sponsored ADR (BLFBY - Free Report) is another Finance stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 33.1%.
In Balfour Beatty PLC Sponsored ADR's case, the consensus EPS estimate for the current year increased 2.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Rithm belongs to the Financial - Miscellaneous Services industry, which includes 93 individual stocks and currently sits at #64 in the Zacks Industry Rank. On average, this group has gained an average of 3% so far this year, meaning that RITM is performing better in terms of year-to-date returns.
On the other hand, Balfour Beatty PLC Sponsored ADR belongs to the Real Estate - Operations industry. This 30-stock industry is currently ranked #71. The industry has moved +10.8% year to date.
Investors interested in the Finance sector may want to keep a close eye on Rithm and Balfour Beatty PLC Sponsored ADR as they attempt to continue their solid performance.