Investors focused on the Finance space have likely heard of Invesco (IVZ - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.
Invesco is a member of our Finance group, which includes 889 different companies and currently sits at #5 in 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 is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. IVZ is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for IVZ's full-year earnings has moved 20.74% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that IVZ has returned about 5.62% since the start of the calendar year. Meanwhile, stocks in the Finance group have gained about 1.71% on average. This means that Invesco is outperforming the sector as a whole this year.
Looking more specifically, IVZ belongs to the Financial - Investment Management industry, a group that includes 48 individual stocks and currently sits at #119 in the Zacks Industry Rank. On average, stocks in this group have gained 0.99% this year, meaning that IVZ is performing better in terms of year-to-date returns.
Investors in the Finance sector will want to keep a close eye on IVZ as it attempts to continue its solid performance.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Investors focused on the Finance space have likely heard of Invesco (IVZ - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.
Invesco is a member of our Finance group, which includes 889 different companies and currently sits at #5 in 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 is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. IVZ is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for IVZ's full-year earnings has moved 20.74% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that IVZ has returned about 5.62% since the start of the calendar year. Meanwhile, stocks in the Finance group have gained about 1.71% on average. This means that Invesco is outperforming the sector as a whole this year.
Looking more specifically, IVZ belongs to the Financial - Investment Management industry, a group that includes 48 individual stocks and currently sits at #119 in the Zacks Industry Rank. On average, stocks in this group have gained 0.99% this year, meaning that IVZ is performing better in terms of year-to-date returns.
Investors in the Finance sector will want to keep a close eye on IVZ as it attempts to continue its solid performance.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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