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Is KE Hodlings (BEKE) stock outperforming its financial peers this year?
The Financials group has many great stocks, but investors should always look for companies that outperform their peers. (BEKE) is a stock that can certainly catch the eye of many investors, but do its recent returns compare favorably to the sector as a whole? A quick look at the company’s year-to-date performance compared to the rest of the financial sector should help us answer this question.
Sponsored ADR is one of 854 individual stocks in the financial sector. Collectively, these companies rank #9 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings prospects. This system has a long track record of success and these stocks tend to be on track to beat the market over the next one to three months. KE Holdings Inc. Sponsored ADR is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for BEKE’s full-year earnings has moved 18.8% higher. This signals that analyst sentiment is improving and that the stock’s earnings outlook is more positive.
Based on the latest available data, BEKE has gained about 16.7% so far this year. At the same time, financial stocks rose an average of 5.1%. This means the ADR sponsored by KE Holdings Inc. is outperforming the sector as a whole this year.
BrightSphere Investment Group (BSIG) is another financial stock that has outperformed its sector so far this year. Since the beginning of the year, the stock has returned 16.4%.
For BrightSphere Investment Group, the consensus EPS estimate for the current year has increased 9.9% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, KE Holdings Inc. Sponsored ADR belongs to the Real Estate – Operations sector, which includes 38 individual stocks and currently sits at #91 in the Zacks Industry Rank. On average, this group has gained an average of 3.3% so far this year, meaning BEKE is performing better in terms of year-to-date returns.
On the other hand, BrightSphere Investment Group belongs to the Financial – Investment Management sector. This industry of 38 stocks is currently ranked 149th. The industry moved +10.1% in the year to date.
Investors interested in the financial sector may want to keep an eye on KE Holdings Inc. Sponsored ADR and BrightSphere Investment Group as they try to continue their solid performance.
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