Investors focused on the Finance space have likely heard of AllianceBernstein Holding L.P. (AB - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.
AllianceBernstein Holding L.P. is one of 829 companies in the Finance group. The Finance group currently sits at #10 within 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. AB is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for AB's full-year earnings has moved 0.60% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, AB has moved about 17.76% on a year-to-date basis. Meanwhile, the Finance sector has returned an average of -0.86% on a year-to-date basis. As we can see, AllianceBernstein Holding L.P. is performing better than its sector in the calendar year.
Looking more specifically, AB belongs to the Financial - Investment Management industry, which includes 49 individual stocks and currently sits at #208 in the Zacks Industry Rank. On average, this group has gained an average of 0.26% so far this year, meaning that AB is performing better in terms of year-to-date returns.
Investors in the Finance sector will want to keep a close eye on AB as it attempts to continue its solid performance.