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Are Financial Stocks Lagging Goldman Sachs Group (GS) This Year?
The Financials group has many great stocks, but investors should always look for companies that outperform their peers. Was Goldman Sachs (GS) one of those stocks this year? Let’s take a closer look at the stock’s year-to-date performance to find out.
Goldman Sachs is one of 854 individual stocks in the financial sector. Collectively, these companies rank #12 in the Zacks Sector Rank. The Zacks Sector Rank evaluates 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 have the right characteristics to beat the market over the next one to three months. Goldman Sachs is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for GS’s full-year earnings has moved 11.5% higher. This means analyst sentiment is stronger and the stock’s earnings outlook is improving.
Our latest available data shows that GS has returned around 16.3% since the start of the calendar year. However, shares in the Financial group rose around 3.1%, on average. As we can see, Goldman Sachs performs better than its industry in the calendar year.
Another financial sector stock, AerCap (AER), has outperformed the sector so far this year. The share’s accumulated return for the year is 22.4%.
For AerCap, the consensus earnings per share estimate for the current year has risen 1.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down further, Goldman Sachs is a member of the Financial and Investment Banking industry, which includes 16 individual companies and currently sits at #12 in the Zacks Industry Rank. This group has gained an average of 13.2% so far this year, so GS is performing better in this area.
On the other hand, AerCap belongs to the Financial Leasing Companies sector. This 3-stock industry is currently ranked #33. The industry moved +14.7% in the year to date.
Investors interested in the financial sector may want to keep an eye on Goldman Sachs and AerCap as they look to continue their solid performance.
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(GS): Free Stock Analysis Report
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