Investors focused on the Finance space have likely heard of Two Harbors Investments (TWO - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Finance sector should help us answer this question.
Two Harbors Investments is one of 856 companies in the Finance group. The Finance group currently sits at #9 within 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 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. TWO is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for TWO's full-year earnings has moved 1.58% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, TWO has moved about 5.30% on a year-to-date basis. At the same time, Finance stocks have gained an average of 11.90%. As we can see, Two Harbors Investments is performing better than its sector in the calendar year.
Breaking things down more, TWO is a member of the REIT and Equity Trust industry, which includes 30 individual companies and currently sits at #53 in the Zacks Industry Rank. On average, stocks in this group have gained 11.34% this year, meaning that TWO is slightly underperforming its industry in terms of year-to-date returns.
Going forward, investors interested in Finance stocks should continue to pay close attention to TWO as it looks to continue its solid performance.