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Has BlackRock (BLK) Outpaced Other Finance Stocks This Year?

Zacks Equity Research
Halliburton (HAL) closed the most recent trading day at $21.68, moving -0.46% from the previous trading session.

Investors focused on the Finance space have likely heard of BlackRock (BLK), but is the stock performing well in comparison to the rest of its sector peers? 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.

BlackRock is one of 854 individual stocks in the Finance sector. Collectively, these companies sit at #8 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.

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. BLK is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past three months, the Zacks Consensus Estimate for BLK's full-year earnings has moved 6.28% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Our latest available data shows that BLK has returned about 10.93% since the start of the calendar year. Meanwhile, stocks in the Finance group have gained about 10.60% on average. As we can see, BlackRock is performing better than its sector in the calendar year.

Looking more specifically, BLK belongs to the Financial - Investment Management industry, a group that includes 52 individual stocks and currently sits at #44 in the Zacks Industry Rank. On average, stocks in this group have gained 13.75% this year, meaning that BLK is slightly underperforming its industry in terms of year-to-date returns.

BLK will likely be looking to continue its solid performance, so investors interested in Finance stocks should continue to pay close attention to the company.


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