For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Ladder Capital (LADR - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Ladder Capital is one of 867 individual stocks in the Finance sector. Collectively, these companies sit at #8 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 proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. LADR is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for LADR's full-year earnings has moved 0.19% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, LADR has gained about 29.93% so far this year. In comparison, Finance companies have returned an average of -5.93%. This shows that Ladder Capital is outperforming its peers so far this year.
Breaking things down more, LADR is a member of the REIT and Equity Trust industry, which includes 30 individual companies and currently sits at #46 in the Zacks Industry Rank. This group has gained an average of 2.22% so far this year, so LADR is performing better in this area.
LADR will likely be looking to continue its solid performance, so investors interested in Finance stocks should continue to pay close attention to the company.