We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Are Conglomerates Stocks Lagging Grupo Cibest S.A. - Sponsored ADR (CIB) This Year?
Read MoreHide Full Article
For those looking to find strong Conglomerates stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Grupo Cibest (CIB - 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.
Grupo Cibest is a member of our Conglomerates group, which includes 28 different companies and currently sits at #1 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Grupo Cibest is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for CIB's full-year earnings has moved 22.5% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, CIB has returned 47.9% so far this year. Meanwhile, stocks in the Conglomerates group have lost about 17.9% on average. As we can see, Grupo Cibest is performing better than its sector in the calendar year.
Griffon (GFF - Free Report) is another Conglomerates stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 25.1%.
In Griffon's case, the consensus EPS estimate for the current year increased 11% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Grupo Cibest belongs to the Diversified Operations industry, a group that includes 28 individual stocks and currently sits at #41 in the Zacks Industry Rank. This group has lost an average of 17.9% so far this year, so CIB is performing better in this area. Griffon is also part of the same industry.
Investors interested in the Conglomerates sector may want to keep a close eye on Grupo Cibest and Griffon as they attempt to continue their solid performance.
View the Zacks #1 Rank List
Image: Bigstock
Are Conglomerates Stocks Lagging Grupo Cibest S.A. - Sponsored ADR (CIB) This Year?
For those looking to find strong Conglomerates stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Grupo Cibest (CIB - 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.
Grupo Cibest is a member of our Conglomerates group, which includes 28 different companies and currently sits at #1 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Grupo Cibest is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for CIB's full-year earnings has moved 22.5% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, CIB has returned 47.9% so far this year. Meanwhile, stocks in the Conglomerates group have lost about 17.9% on average. As we can see, Grupo Cibest is performing better than its sector in the calendar year.
Griffon (GFF - Free Report) is another Conglomerates stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 25.1%.
In Griffon's case, the consensus EPS estimate for the current year increased 11% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Grupo Cibest belongs to the Diversified Operations industry, a group that includes 28 individual stocks and currently sits at #41 in the Zacks Industry Rank. This group has lost an average of 17.9% so far this year, so CIB is performing better in this area. Griffon is also part of the same industry.
Investors interested in the Conglomerates sector may want to keep a close eye on Grupo Cibest and Griffon as they attempt to continue their solid performance.