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Are Finance Stocks Lagging Abacus Global Management, Inc. (ABX) 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. Is Abacus Global Management, Inc. (ABX - Free Report) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Abacus Global Management, Inc. is a member of our Finance group, which includes 888 different companies and currently sits 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 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. 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 2.5% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, ABX has returned 6.8% so far this year. Meanwhile, stocks in the Finance group have gained about 5.6% on average. This means that Abacus Global Management, Inc. is outperforming the sector as a whole this year.
Another Finance stock, which has outperformed the sector so far this year, is Aflac (AFL - Free Report) . The stock has returned 14.9% year-to-date.
Over the past three months, Aflac's consensus EPS estimate for the current year has increased 3.5%. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Abacus Global Management, Inc. is a member of the Financial - Miscellaneous Services industry, which includes 113 individual companies and currently sits at #139 in the Zacks Industry Rank. On average, this group has lost an average of 18% so far this year, meaning that ABX is performing better in terms of year-to-date returns.
On the other hand, Aflac belongs to the Insurance - Accident and Health industry. This 6-stock industry is currently ranked #93. The industry has moved +12.5% year to date.
Investors with an interest in Finance stocks should continue to track Abacus Global Management, Inc. and Aflac. These stocks will be looking to continue their solid performance.
View the Zacks #1 Rank List
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Are Finance Stocks Lagging Abacus Global Management, Inc. (ABX) 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. Is Abacus Global Management, Inc. (ABX - Free Report) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Abacus Global Management, Inc. is a member of our Finance group, which includes 888 different companies and currently sits 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 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. 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 2.5% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, ABX has returned 6.8% so far this year. Meanwhile, stocks in the Finance group have gained about 5.6% on average. This means that Abacus Global Management, Inc. is outperforming the sector as a whole this year.
Another Finance stock, which has outperformed the sector so far this year, is Aflac (AFL - Free Report) . The stock has returned 14.9% year-to-date.
Over the past three months, Aflac's consensus EPS estimate for the current year has increased 3.5%. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Abacus Global Management, Inc. is a member of the Financial - Miscellaneous Services industry, which includes 113 individual companies and currently sits at #139 in the Zacks Industry Rank. On average, this group has lost an average of 18% so far this year, meaning that ABX is performing better in terms of year-to-date returns.
On the other hand, Aflac belongs to the Insurance - Accident and Health industry. This 6-stock industry is currently ranked #93. The industry has moved +12.5% year to date.
Investors with an interest in Finance stocks should continue to track Abacus Global Management, Inc. and Aflac. These stocks will be looking to continue their solid performance.