For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. PLYMOUTH IND RE (PLYM) 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? One simple way to answer this question is to take a look at the year-to-date performance of PLYM and the rest of the Finance group's stocks.
PLYMOUTH IND RE is a member of the Finance sector. This group includes 856 individual stocks and currently holds a Zacks Sector Rank of #5. 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 model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. PLYM is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for PLYM's full-year earnings has moved 59.57% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, PLYM has gained about 33.70% so far this year. In comparison, Finance companies have returned an average of 10.84%. As we can see, PLYMOUTH IND RE is performing better than its sector in the calendar year.
Breaking things down more, PLYM is a member of the REIT and Equity Trust - Other industry, which includes 120 individual companies and currently sits at #148 in the Zacks Industry Rank. This group has gained an average of 17.02% so far this year, so PLYM is performing better in this area.
PLYM will likely be looking to continue its solid performance, so investors interested in Finance stocks should continue to pay close attention to the company.
PLYMOUTH IND RE (PLYM): Free Stock Analysis Report
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