Investors focused on the Finance space have likely heard of New Residential Investment , but is the stock performing well in comparison to the rest of its sector peers? 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.
New Residential Investment is one of 828 companies in the Finance group. The Finance group currently sits at #11 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. NRZ is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for NRZ's full-year earnings has moved 0.34% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, NRZ has gained about 0.78% so far this year. Meanwhile, the Finance sector has returned an average of -4.20% on a year-to-date basis. As we can see, New Residential Investment is performing better than its sector in the calendar year.
Breaking things down more, NRZ is a member of the REIT and Equity Trust industry, which includes 31 individual companies and currently sits at #57 in the Zacks Industry Rank. On average, this group has gained an average of 3.98% so far this year, meaning that NRZ is slightly underperforming its industry in terms of year-to-date returns.
NRZ will likely be looking to continue its solid performance, so investors interested Finance stocks should continue to pay close attention to the company.
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.
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Investors focused on the Finance space have likely heard of New Residential Investment , but is the stock performing well in comparison to the rest of its sector peers? 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.
New Residential Investment is one of 828 companies in the Finance group. The Finance group currently sits at #11 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. NRZ is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for NRZ's full-year earnings has moved 0.34% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, NRZ has gained about 0.78% so far this year. Meanwhile, the Finance sector has returned an average of -4.20% on a year-to-date basis. As we can see, New Residential Investment is performing better than its sector in the calendar year.
Breaking things down more, NRZ is a member of the REIT and Equity Trust industry, which includes 31 individual companies and currently sits at #57 in the Zacks Industry Rank. On average, this group has gained an average of 3.98% so far this year, meaning that NRZ is slightly underperforming its industry in terms of year-to-date returns.
NRZ will likely be looking to continue its solid performance, so investors interested Finance stocks should continue to pay close attention to the company.
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 >>