Investors focused on the Finance space have likely heard of WSFS Financial (WSFS - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? 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.
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 gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. 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 means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that WSFS has returned about 13.17% since the start of the calendar year. In comparison, Finance companies have returned an average of -4.20%. As we can see, WSFS Financial is performing better than its sector in the calendar year.
Looking more specifically, WSFS belongs to the Financial - Savings and Loan industry, which includes 36 individual stocks 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.
Going forward, investors interested in Finance stocks should continue to pay close attention to WSFS as it looks to continue its solid performance.