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Is ANZ Group Holdings Limited - Sponsored ADR (ANZGY) Stock Outpacing Its Finance Peers 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? 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.
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 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. ANZ Group Holdings Limited - Sponsored ADR is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for ANZGY's full-year earnings has moved 2.3% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, ANZGY has returned 18.2% so far this year. At the same time, Finance stocks have gained an average of 4.6%. This shows that ANZ Group Holdings Limited - Sponsored ADR is outperforming its peers so far this year.
Another stock in the Finance sector, Berkshire Hathaway B (BRK.B - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 7.8%.
In Berkshire Hathaway B's case, the consensus EPS estimate for the current year increased 4.6% 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 113 individual stocks and currently sits at #165 in the Zacks Industry Rank. This group has lost an average of 13.5% so far this year, so ANZGY is performing better in this area.
In contrast, Berkshire Hathaway B falls under the Insurance - Property and Casualty industry. Currently, this industry has 46 stocks and is ranked #65. Since the beginning of the year, the industry has moved +7.6%.
Going forward, investors interested in Finance stocks should continue to pay close attention to ANZ Group Holdings Limited - Sponsored ADR and Berkshire Hathaway B as they could maintain their solid performance.
View the Zacks #1 Rank List
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Is ANZ Group Holdings Limited - Sponsored ADR (ANZGY) Stock Outpacing Its Finance Peers 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? 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.
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 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. ANZ Group Holdings Limited - Sponsored ADR is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for ANZGY's full-year earnings has moved 2.3% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, ANZGY has returned 18.2% so far this year. At the same time, Finance stocks have gained an average of 4.6%. This shows that ANZ Group Holdings Limited - Sponsored ADR is outperforming its peers so far this year.
Another stock in the Finance sector, Berkshire Hathaway B (BRK.B - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 7.8%.
In Berkshire Hathaway B's case, the consensus EPS estimate for the current year increased 4.6% 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 113 individual stocks and currently sits at #165 in the Zacks Industry Rank. This group has lost an average of 13.5% so far this year, so ANZGY is performing better in this area.
In contrast, Berkshire Hathaway B falls under the Insurance - Property and Casualty industry. Currently, this industry has 46 stocks and is ranked #65. Since the beginning of the year, the industry has moved +7.6%.
Going forward, investors interested in Finance stocks should continue to pay close attention to ANZ Group Holdings Limited - Sponsored ADR and Berkshire Hathaway B as they could maintain their solid performance.