Investors focused on the Finance space have likely heard of E*TRADE Financial (ETFC - 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.
E*TRADE Financial is a member of our Finance group, which includes 859 different companies and currently sits at #10 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 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. ETFC is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for ETFC's full-year earnings has moved 4.19% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, ETFC has gained about 1.34% so far this year. Meanwhile, the Finance sector has returned an average of 0.41% on a year-to-date basis. As we can see, E*TRADE Financial is performing better than its sector in the calendar year.
Looking more specifically, ETFC belongs to the Financial - Investment Bank industry, a group that includes 22 individual stocks and currently sits at #84 in the Zacks Industry Rank. On average, this group has gained an average of 1.54% so far this year, meaning that ETFC is slightly underperforming its industry in terms of year-to-date returns.
ETFC will likely be looking to continue its solid performance, so investors interested in Finance stocks should continue to pay close attention to the company.