Investors focused on the Finance space have likely heard of Prospect Capital (PSEC - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Finance sector should help us answer this question.
Prospect Capital is a member of our Finance group, which includes 851 different companies and currently sits at #7 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. PSEC is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for PSEC's full-year earnings has moved 8.97% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, PSEC has returned 5.34% so far this year. Meanwhile, stocks in the Finance group have lost about 4.66% on average. This shows that Prospect Capital is outperforming its peers so far this year.
To break things down more, PSEC belongs to the Financial - Investment Management industry, a group that includes 51 individual companies and currently sits at #67 in the Zacks Industry Rank. This group has lost an average of 14.98% so far this year, so PSEC is performing better in this area.
Going forward, investors interested in Finance stocks should continue to pay close attention to PSEC as it looks 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 Prospect Capital (PSEC - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Finance sector should help us answer this question.
Prospect Capital is a member of our Finance group, which includes 851 different companies and currently sits at #7 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. PSEC is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for PSEC's full-year earnings has moved 8.97% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, PSEC has returned 5.34% so far this year. Meanwhile, stocks in the Finance group have lost about 4.66% on average. This shows that Prospect Capital is outperforming its peers so far this year.
To break things down more, PSEC belongs to the Financial - Investment Management industry, a group that includes 51 individual companies and currently sits at #67 in the Zacks Industry Rank. This group has lost an average of 14.98% so far this year, so PSEC is performing better in this area.
Going forward, investors interested in Finance stocks should continue to pay close attention to PSEC as it looks 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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