For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Crown Castle International (CCI - Free Report) one of those stocks right now? 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.
Crown Castle International is one of 856 individual stocks in the Finance sector. Collectively, these companies sit at #13 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. CCI is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for CCI's full-year earnings has moved 0.03% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, CCI has gained about 15.51% so far this year. Meanwhile, stocks in the Finance group have gained about 12.34% on average. This means that Crown Castle International is performing better than its sector in terms of year-to-date returns.
Looking more specifically, CCI belongs to the REIT and Equity Trust - Other industry, a group that includes 117 individual stocks and currently sits at #101 in the Zacks Industry Rank. This group has gained an average of 19.55% so far this year, so CCI is slightly underperforming its industry in this area.
CCI will likely be looking to continue its solid performance, so investors interested in Finance stocks should continue to pay close attention to the company.