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Is Abacus Global Management, Inc. (ABX) Stock Outpacing Its Finance Peers This Year?
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For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Abacus Global Management, Inc. (ABX - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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.
Abacus Global Management, Inc. is one of 873 individual stocks in the Finance sector. Collectively, these companies sit at #7 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 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. Abacus Global Management, Inc. is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for ABX's full-year earnings has moved 3.2% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, ABX has returned 6.1% so far this year. Meanwhile, the Finance sector has returned an average of 5.4% on a year-to-date basis. This means that Abacus Global Management, Inc. is performing better than its sector in terms of year-to-date returns.
One other Finance stock that has outperformed the sector so far this year is EPR Properties (EPR - Free Report) . The stock is up 14.6% year-to-date.
Over the past three months, EPR Properties' consensus EPS estimate for the current year has increased 1.7%. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Abacus Global Management, Inc. belongs to the Financial - Miscellaneous Services industry, a group that includes 115 individual companies and currently sits at #101 in the Zacks Industry Rank. On average, stocks in this group have lost 11.6% this year, meaning that ABX is performing better in terms of year-to-date returns.
EPR Properties, however, belongs to the REIT and Equity Trust - Retail industry. Currently, this 19-stock industry is ranked #153. The industry has moved +12.3% so far this year.
Going forward, investors interested in Finance stocks should continue to pay close attention to Abacus Global Management, Inc. and EPR Properties as they could maintain their solid performance.
View the Zacks #1 Rank List
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Is Abacus Global Management, Inc. (ABX) Stock Outpacing Its Finance Peers This Year?
For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Abacus Global Management, Inc. (ABX - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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.
Abacus Global Management, Inc. is one of 873 individual stocks in the Finance sector. Collectively, these companies sit at #7 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 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. Abacus Global Management, Inc. is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for ABX's full-year earnings has moved 3.2% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, ABX has returned 6.1% so far this year. Meanwhile, the Finance sector has returned an average of 5.4% on a year-to-date basis. This means that Abacus Global Management, Inc. is performing better than its sector in terms of year-to-date returns.
One other Finance stock that has outperformed the sector so far this year is EPR Properties (EPR - Free Report) . The stock is up 14.6% year-to-date.
Over the past three months, EPR Properties' consensus EPS estimate for the current year has increased 1.7%. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Abacus Global Management, Inc. belongs to the Financial - Miscellaneous Services industry, a group that includes 115 individual companies and currently sits at #101 in the Zacks Industry Rank. On average, stocks in this group have lost 11.6% this year, meaning that ABX is performing better in terms of year-to-date returns.
EPR Properties, however, belongs to the REIT and Equity Trust - Retail industry. Currently, this 19-stock industry is ranked #153. The industry has moved +12.3% so far this year.
Going forward, investors interested in Finance stocks should continue to pay close attention to Abacus Global Management, Inc. and EPR Properties as they could maintain their solid performance.