Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. 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 one of 827 individual stocks in the Finance sector. Collectively, these companies sit at #9 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. WSFS is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for WSFS's full-year earnings has moved 0.70% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, WSFS has moved about 13.17% on a year-to-date basis. At the same time, Finance stocks have lost an average of 4.20%. This shows that WSFS Financial is outperforming its peers so far this 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 #108 in the Zacks Industry Rank. On average, this group has lost an average of 0.09% so far this year, meaning that WSFS is performing better in terms of year-to-date returns.
Investors with an interest in Finance stocks should continue to track WSFS. The stock will be looking to continue its solid performance.