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Has Ready Capital (RC) Outpaced Other Finance Stocks This Year?

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Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Is Ready Capital (RC - Free Report) one of those stocks right now? 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.

Ready Capital is a member of our Finance group, which includes 854 different companies and currently sits at #12 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

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. RC is currently sporting a Zacks Rank of #1 (Strong Buy).

Within the past quarter, the Zacks Consensus Estimate for RC's full-year earnings has moved 2.07% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Our latest available data shows that RC has returned about 7.38% since the start of the calendar year. At the same time, Finance stocks have gained an average of 6.70%. This shows that Ready Capital is outperforming its peers so far this year.

Looking more specifically, RC belongs to the REIT and Equity Trust industry, a group that includes 29 individual stocks and currently sits at #211 in the Zacks Industry Rank. On average, this group has gained an average of 6.37% so far this year, meaning that RC is performing better in terms of year-to-date returns.

Investors in the Finance sector will want to keep a close eye on RC as it attempts to continue its solid performance.


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