For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. WSFS Financial (WSFS - 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? One simple way to answer this question is to take a look at the year-to-date performance of WSFS and the rest of the Finance group's stocks.
WSFS Financial is a member of the Finance sector. This group includes 829 individual stocks and currently holds a Zacks Sector Rank of #9. 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 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. WSFS is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for WSFS's full-year earnings has moved 0.70% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that WSFS has returned about 17.24% since the start of the calendar year. In comparison, Finance companies have returned an average of -2.93%. As we can see, WSFS Financial is performing better than its sector in the calendar year.
Breaking things down more, WSFS is a member of the Financial - Savings and Loan industry, which includes 36 individual companies and currently sits at #190 in the Zacks Industry Rank. On average, stocks in this group have gained 3.67% this year, meaning that WSFS is performing better in terms of year-to-date returns.
Going forward, investors interested in Finance stocks should continue to pay close attention to WSFS as it looks to continue its solid performance.