Unlock the Potential of Finance Stocks with BrightSphere and Camden National
Finance Stocks: A Sector of Opportunity
Within the vast landscape of Finance, there are 871 companies vying for attention. The Finance group currently holds the top position within the Zacks Sector Rank, which considers 16 different groups. This ranking provides insights into the average Zacks Rank of individual stocks within the sector, indicating its strength.
The Zacks Rank is a renowned stock-picking model that focuses on earnings estimates and revisions. It highlights stocks with potential to outperform the broader market over the next one to three months. BrightSphere Investment Group currently boasts a Zacks Rank of #1 (Strong Buy), suggesting its strong prospects.
BSIG's Earnings Growth and Year-to-Date Performance
In the past quarter, the Zacks Consensus Estimate for BSIG's full-year earnings has seen a significant 12.1% increase. This indicates a growing sentiment among analysts and an improving earnings outlook for the company.
As of now, BSIG has delivered an impressive 63.1% return this year. In contrast, the Finance sector as a whole has averaged a 27% return. Clearly, BrightSphere Investment Group is outperforming the sector, showcasing its potential.
Camden National: Another Outperformer
Camden National (CAC) is another Finance stock that has shone this year, with a 27.1% year-to-date increase. The consensus EPS estimate for the current year has also seen a 5.6% growth over the past three months. Like BSIG, it holds a Zacks Rank of #1 (Strong Buy).
Industry Comparisons: BSIG vs. Camden National
BrightSphere Investment Group belongs to the Financial – Investment Management industry, which consists of 37 individual companies and ranks #25 in the Zacks Industry Rank. This industry has gained an average of 44.1% so far this year, indicating that BSIG is performing well within its niche.
On the other hand, Camden National falls under the Banks – Northeast industry, which has 78 stocks and is ranked #45. Since the start of the year, this industry has moved +8.4%.
Investors with an interest in the Finance sector should closely monitor BrightSphere Investment Group and Camden National as they strive to maintain their solid performance.
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