Credit Agricole SA (OTC:CRARY), a leading player in the Finance sector, has been capturing the attention of investors with its impressive year-to-date returns, which have surpassed the sector's average performance. As of Thursday, CRARY's growth rate stands at approximately 18.8%, significantly exceeding the average return of 7.5% for Finance companies.
The company currently ranks 12th out of 851 entities in the Finance sector according to the Zacks Sector Rank. This ranking system evaluates the strength of various sector groups by assessing the average Zacks Rank of each stock within them. Credit Agricole SA currently holds a favorable Zacks Rank of #2 (Buy), which emphasizes the importance of earnings estimates and their revisions in determining stock performance.
Over the past quarter, CRARY's full-year earnings consensus estimate has seen an upward revision of 25.3%. This indicates a more positive outlook for the stock and an improvement in analyst sentiment.
Within the broader Finance sector, Blackstone Mortgage Trust (NYSE:BXMT) is another standout performer with its stock up 9.1% year-to-date. The consensus estimate for BXMT's current year earnings per share (EPS) has also increased by 8.4% over the past three months. It too holds a Zacks Rank #2 (Buy).
In terms of industry specifics, Credit Agricole SA is part of the Banks - Foreign industry, which comprises 64 individual stocks. This industry currently ranks 67th on the Zacks Industry Rank. On average, stocks within this group have gained 13.7% this year, further underlining CRARY's superior year-to-date performance.
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