Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Agree Realty (ADC) 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.
Agree Realty is a member of the Finance sector. This group includes 838 individual stocks and currently holds a Zacks Sector Rank of #4. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Agree Realty is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for ADC’s full-year earnings has moved 0.1% higher. This signals that analyst sentiment is improving and the stock’s earnings outlook is more positive.
Based on the most recent data, ADC has returned 4.7% so far this year. In comparison, Finance companies have returned an average of -5.7%. This means that Agree Realty is performing better than its sector in terms of year-to-date returns.
ANZ Group Holdings Limited – Sponsored ADR (ANZGY) is another Finance stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 4.6%.
The consensus estimate for ANZ Group Holdings Limited – Sponsored ADR’s current year EPS has increased 12.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Agree Realty belongs to the REIT and Equity Trust – Retail industry, a group that includes 19 individual companies and currently sits at #20 in the Zacks Industry Rank. On average, stocks in this group have gained 11.1% this year, meaning that ADC is slightly underperforming its industry in terms of year-to-date returns.
On the other hand, ANZ Group Holdings Limited – Sponsored ADR belongs to the Financial – Miscellaneous Services industry. This 107-stock industry is currently ranked #151. The industry has moved -16.1% year to date.
Investors with an interest in Finance stocks should continue to track Agree Realty and ANZ Group Holdings Limited – Sponsored ADR. These stocks will be looking to continue their solid performance.