The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is BlackRock (BLK) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Finance peers, we might be able to answer that question.
BlackRock is a member of our Finance group, which includes 856 different companies and currently sits at #10 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 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. BLK is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for BLK's full-year earnings has moved 6.89% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, BLK has returned 22.15% so far this year. Meanwhile, stocks in the Finance group have gained about 14.65% on average. This shows that BlackRock is outperforming its peers so far this year.
To break things down more, BLK belongs to the Financial - Investment Management industry, a group that includes 52 individual companies and currently sits at #25 in the Zacks Industry Rank. This group has gained an average of 24.24% so far this year, so BLK is slightly underperforming its industry in this area.
Investors with an interest in Finance stocks should continue to track BLK. The stock will be looking to continue its solid performance.
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