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Has Crown Castle International (CCI) Outpaced Other Finance Stocks This Year?
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Investors focused on the Finance space have likely heard of Crown Castle International (CCI - 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.
Crown Castle International is a member of our Finance group, which includes 846 different companies and currently sits at #11 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. CCI is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for CCI's full-year earnings has moved 0.83% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, CCI has returned 30.08% so far this year. At the same time, Finance stocks have gained an average of 14.99%. As we can see, Crown Castle International is performing better than its sector in the calendar year.
To break things down more, CCI belongs to the REIT and Equity Trust - Other industry, a group that includes 117 individual companies and currently sits at #89 in the Zacks Industry Rank. Stocks in this group have gained about 29.65% so far this year, so CCI is performing better this group in terms of year-to-date returns.
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.
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Has Crown Castle International (CCI) Outpaced Other Finance Stocks This Year?
Investors focused on the Finance space have likely heard of Crown Castle International (CCI - 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.
Crown Castle International is a member of our Finance group, which includes 846 different companies and currently sits at #11 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. CCI is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for CCI's full-year earnings has moved 0.83% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, CCI has returned 30.08% so far this year. At the same time, Finance stocks have gained an average of 14.99%. As we can see, Crown Castle International is performing better than its sector in the calendar year.
To break things down more, CCI belongs to the REIT and Equity Trust - Other industry, a group that includes 117 individual companies and currently sits at #89 in the Zacks Industry Rank. Stocks in this group have gained about 29.65% so far this year, so CCI is performing better this group in terms of year-to-date returns.
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.