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Are Finance Stocks Lagging ANZ Group Holdings Limited - Sponsored ADR (ANZGY) This Year?
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The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has ANZ Group Holdings Limited - Sponsored ADR (ANZGY - 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.
ANZ Group Holdings Limited - Sponsored ADR is a member of our Finance group, which includes 873 different companies and currently sits at #6 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 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. ANZ Group Holdings Limited - Sponsored ADR is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for ANZGY's full-year earnings has moved 2.5% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, ANZGY has moved about 10.3% on a year-to-date basis. In comparison, Finance companies have returned an average of 4.5%. This shows that ANZ Group Holdings Limited - Sponsored ADR is outperforming its peers so far this year.
Another stock in the Finance sector, Morgan Stanley (MS - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 10.6%.
The consensus estimate for Morgan Stanley's current year EPS has increased 8.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, ANZ Group Holdings Limited - Sponsored ADR belongs to the Financial - Miscellaneous Services industry, which includes 115 individual stocks and currently sits at #105 in the Zacks Industry Rank. Stocks in this group have lost about 10.7% so far this year, so ANZGY is performing better this group in terms of year-to-date returns.
In contrast, Morgan Stanley falls under the Financial - Investment Bank industry. Currently, this industry has 22 stocks and is ranked #96. Since the beginning of the year, the industry has moved +5.1%.
ANZ Group Holdings Limited - Sponsored ADR and Morgan Stanley could continue their solid performance, so investors interested in Finance stocks should continue to pay close attention to these stocks.
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Are Finance Stocks Lagging ANZ Group Holdings Limited - Sponsored ADR (ANZGY) This Year?
The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has ANZ Group Holdings Limited - Sponsored ADR (ANZGY - 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.
ANZ Group Holdings Limited - Sponsored ADR is a member of our Finance group, which includes 873 different companies and currently sits at #6 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 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. ANZ Group Holdings Limited - Sponsored ADR is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for ANZGY's full-year earnings has moved 2.5% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, ANZGY has moved about 10.3% on a year-to-date basis. In comparison, Finance companies have returned an average of 4.5%. This shows that ANZ Group Holdings Limited - Sponsored ADR is outperforming its peers so far this year.
Another stock in the Finance sector, Morgan Stanley (MS - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 10.6%.
The consensus estimate for Morgan Stanley's current year EPS has increased 8.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, ANZ Group Holdings Limited - Sponsored ADR belongs to the Financial - Miscellaneous Services industry, which includes 115 individual stocks and currently sits at #105 in the Zacks Industry Rank. Stocks in this group have lost about 10.7% so far this year, so ANZGY is performing better this group in terms of year-to-date returns.
In contrast, Morgan Stanley falls under the Financial - Investment Bank industry. Currently, this industry has 22 stocks and is ranked #96. Since the beginning of the year, the industry has moved +5.1%.
ANZ Group Holdings Limited - Sponsored ADR and Morgan Stanley could continue their solid performance, so investors interested in Finance stocks should continue to pay close attention to these stocks.