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Is BlackRock (BLK) Outperforming 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. Has BlackRock (BLK - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.

BlackRock is one of 854 companies in the Finance group. The Finance group currently sits at #10 within the Zacks Sector Rank. 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 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. BLK is currently sporting a Zacks Rank of #2 (Buy).

Over the past three months, the Zacks Consensus Estimate for BLK's full-year earnings has moved 5.45% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

According to our latest data, BLK has moved about 13.78% on a year-to-date basis. Meanwhile, the Finance sector has returned an average of 10.01% on a year-to-date basis. As we can see, BlackRock is performing better than its sector in the calendar year.

Breaking things down more, BLK is a member of the Financial - Investment Management industry, which includes 52 individual companies and currently sits at #77 in the Zacks Industry Rank. Stocks in this group have gained about 17.50% so far this year, so BLK is slightly underperforming its industry this group in terms of year-to-date returns.

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


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