Are Finance Stocks Lagging Robinhood Markets (HOOD) This Year?

Zacks
01-30

The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Robinhood Markets, Inc. (HOOD) one of those stocks right now? 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.

Robinhood Markets, Inc. is a member of the Finance sector. This group includes 874 individual stocks and currently holds a Zacks Sector Rank of #2. 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 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. Robinhood Markets, Inc. is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past three months, the Zacks Consensus Estimate for HOOD's full-year earnings has moved 50% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Based on the most recent data, HOOD has returned 37.3% so far this year. Meanwhile, the Finance sector has returned an average of 26.2% on a year-to-date basis. This shows that Robinhood Markets, Inc. is outperforming its peers so far this year.

Another Finance stock, which has outperformed the sector so far this year, is World Acceptance (WRLD). The stock has returned 28.3% year-to-date.

The consensus estimate for World Acceptance's current year EPS has increased 3.9% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).

To break things down more, Robinhood Markets, Inc. belongs to the Financial - Investment Bank industry, a group that includes 21 individual companies and currently sits at #4 in the Zacks Industry Rank. Stocks in this group have gained about 53.7% so far this year, so HOOD is slightly underperforming its industry this group in terms of year-to-date returns.

World Acceptance, however, belongs to the Financial - Consumer Loans industry. Currently, this 16-stock industry is ranked #81. The industry has moved +50.3% so far this year.

Investors interested in the Finance sector may want to keep a close eye on Robinhood Markets, Inc. and World Acceptance as they attempt to continue their solid performance.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Robinhood Markets, Inc. (HOOD) : Free Stock Analysis Report

World Acceptance Corporation (WRLD) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10