The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. OneMain Holdings (OMF - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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.
OneMain Holdings is a member of the Finance sector. This group includes 846 individual stocks and currently holds a Zacks Sector Rank of #9. 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. OMF is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for OMF's full-year earnings has moved 4.11% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, OMF has gained about 66.69% so far this year. At the same time, Finance stocks have gained an average of 16.05%. This means that OneMain Holdings is outperforming the sector as a whole this year.
To break things down more, OMF belongs to the Financial - Consumer Loans industry, a group that includes 21 individual companies and currently sits at #29 in the Zacks Industry Rank. Stocks in this group have gained about 33.02% so far this year, so OMF is performing better this group in terms of year-to-date returns.
Investors in the Finance sector will want to keep a close eye on OMF as it attempts to continue its solid performance.