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Are Finance Stocks Lagging ANZ Group Holdings Limited - Sponsored ADR (ANZGY) This Year?
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Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. ANZ Group Holdings Limited - Sponsored ADR (ANZGY - 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? 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.
ANZ Group Holdings Limited - Sponsored ADR is one of 890 individual stocks in the Finance sector. Collectively, these companies sit at #5 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 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. ANZ Group Holdings Limited - Sponsored ADR is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for ANZGY's full-year earnings has moved 2.3% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that ANZGY has returned about 10.8% since the start of the calendar year. In comparison, Finance companies have returned an average of 3.4%. This shows that ANZ Group Holdings Limited - Sponsored ADR is outperforming its peers so far this year.
Another Finance stock, which has outperformed the sector so far this year, is Berkshire Hathaway B (BRK.B - Free Report) . The stock has returned 3.6% year-to-date.
For Berkshire Hathaway B, the consensus EPS estimate for the current year has increased 4.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, ANZ Group Holdings Limited - Sponsored ADR belongs to the Financial - Miscellaneous Services industry, a group that includes 113 individual companies and currently sits at #172 in the Zacks Industry Rank. On average, stocks in this group have lost 14.3% this year, meaning that ANZGY is performing better in terms of year-to-date returns.
In contrast, Berkshire Hathaway B falls under the Insurance - Property and Casualty industry. Currently, this industry has 46 stocks and is ranked #63. Since the beginning of the year, the industry has moved +3%.
Investors with an interest in Finance stocks should continue to track ANZ Group Holdings Limited - Sponsored ADR and Berkshire Hathaway B. These stocks will be looking to continue their solid performance.
View the Zacks #1 Rank List
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Are Finance Stocks Lagging ANZ Group Holdings Limited - Sponsored ADR (ANZGY) This Year?
Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. ANZ Group Holdings Limited - Sponsored ADR (ANZGY - 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? 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.
ANZ Group Holdings Limited - Sponsored ADR is one of 890 individual stocks in the Finance sector. Collectively, these companies sit at #5 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 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. ANZ Group Holdings Limited - Sponsored ADR is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for ANZGY's full-year earnings has moved 2.3% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that ANZGY has returned about 10.8% since the start of the calendar year. In comparison, Finance companies have returned an average of 3.4%. This shows that ANZ Group Holdings Limited - Sponsored ADR is outperforming its peers so far this year.
Another Finance stock, which has outperformed the sector so far this year, is Berkshire Hathaway B (BRK.B - Free Report) . The stock has returned 3.6% year-to-date.
For Berkshire Hathaway B, the consensus EPS estimate for the current year has increased 4.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, ANZ Group Holdings Limited - Sponsored ADR belongs to the Financial - Miscellaneous Services industry, a group that includes 113 individual companies and currently sits at #172 in the Zacks Industry Rank. On average, stocks in this group have lost 14.3% this year, meaning that ANZGY is performing better in terms of year-to-date returns.
In contrast, Berkshire Hathaway B falls under the Insurance - Property and Casualty industry. Currently, this industry has 46 stocks and is ranked #63. Since the beginning of the year, the industry has moved +3%.
Investors with an interest in Finance stocks should continue to track ANZ Group Holdings Limited - Sponsored ADR and Berkshire Hathaway B. These stocks will be looking to continue their solid performance.