We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is Prospect Capital (PSEC) Stock Outpacing Its Finance Peers This Year?
Read MoreHide Full Article
For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Prospect Capital (PSEC - 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? One simple way to answer this question is to take a look at the year-to-date performance of PSEC and the rest of the Finance group's stocks.
Prospect Capital is a member of the Finance sector. This group includes 829 individual stocks and currently holds a Zacks Sector Rank of #9. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. PSEC is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for PSEC's full-year earnings has moved 3.40% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, PSEC has moved about 2.23% on a year-to-date basis. In comparison, Finance companies have returned an average of -1.52%. This means that Prospect Capital is performing better than its sector in terms of year-to-date returns.
Looking more specifically, PSEC belongs to the Financial - Investment Management industry, a group that includes 49 individual stocks and currently sits at #218 in the Zacks Industry Rank. Stocks in this group have lost about 0.96% so far this year, so PSEC is performing better this group in terms of year-to-date returns.
PSEC will likely be looking to continue its solid performance, so investors interested Finance stocks should continue to pay close attention to the company.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is Prospect Capital (PSEC) Stock Outpacing Its Finance Peers 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. Prospect Capital (PSEC - 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? One simple way to answer this question is to take a look at the year-to-date performance of PSEC and the rest of the Finance group's stocks.
Prospect Capital is a member of the Finance sector. This group includes 829 individual stocks and currently holds a Zacks Sector Rank of #9. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. PSEC is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for PSEC's full-year earnings has moved 3.40% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, PSEC has moved about 2.23% on a year-to-date basis. In comparison, Finance companies have returned an average of -1.52%. This means that Prospect Capital is performing better than its sector in terms of year-to-date returns.
Looking more specifically, PSEC belongs to the Financial - Investment Management industry, a group that includes 49 individual stocks and currently sits at #218 in the Zacks Industry Rank. Stocks in this group have lost about 0.96% so far this year, so PSEC is performing better this group in terms of year-to-date returns.
PSEC will likely be looking to continue its solid performance, so investors interested Finance stocks should continue to pay close attention to the company.